StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

Research analysts at StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report issued on Monday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Up 6.1 %

Shares of SYPR opened at $2.08 on Monday. The company has a 50-day moving average of $1.73 and a 200 day moving average of $1.67. The firm has a market capitalization of $47.89 million, a price-to-earnings ratio of -16.00 and a beta of 1.04. Sypris Solutions has a 1-year low of $1.27 and a 1-year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41.

Sypris Solutions Company Profile

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.