Sypris Solutions (NASDAQ:SYPR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Monday morning. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of Sypris Solutions stock opened at $1.60 on Monday. The stock has a market cap of $36.75 million, a price-to-earnings ratio of -9.41 and a beta of 0.98. The firm’s 50-day moving average is $1.64 and its 200 day moving average is $1.65. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $2.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.28 and a quick ratio of 0.45.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Dynamic Advisor Solutions LLC boosted its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,309,154 shares of the auto parts company’s stock after acquiring an additional 134,802 shares during the period. Dynamic Advisor Solutions LLC owned 19.23% of Sypris Solutions worth $6,852,000 at the end of the most recent quarter. Institutional investors own 44.66% of the company’s stock.

About Sypris Solutions

Sypris Solutions, Inc engages in the provision of truck components, oil and gas pipeline components, and aerospace and defense electronics. It operates through Sypris Technologies and Sypris Electronics segments. The Sypris Technologies segment is involved in selling of forged, machined, welded, and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications.