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

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

Sypris Solutions Price Performance

Sypris Solutions stock opened at $1.93 on Monday. Sypris Solutions has a 52-week low of $1.73 and a 52-week high of $2.30. The firm has a market capitalization of $43.34 million, a price-to-earnings ratio of -97.25 and a beta of 0.97. The company has a fifty day simple moving average of $2.03 and a 200-day simple moving average of $1.98. The company has a quick ratio of 0.33, a current ratio of 1.24 and a debt-to-equity ratio of 0.27.

Sypris Solutions (NASDAQ:SYPRGet Free Report) last announced its quarterly earnings results on Wednesday, November 15th. The auto parts company reported ($0.03) earnings per share for the quarter. The firm had revenue of $33.58 million for the quarter. Sypris Solutions had a negative net margin of 0.29% and a negative return on equity of 1.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its position in shares of Sypris Solutions by 4.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock valued at $8,599,000 after acquiring an additional 176,805 shares during the last quarter. Williams & Novak LLC acquired a new stake in shares of Sypris Solutions during the fourth quarter worth about $8,471,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Sypris Solutions during the first quarter worth about $4,939,000. Vanguard Group Inc. increased its stake in shares of Sypris Solutions by 5.7% during the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock worth $1,294,000 after buying an additional 26,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Sypris Solutions by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock worth $151,000 after buying an additional 13,389 shares during the period. Institutional investors and hedge funds own 24.45% of the company’s stock.

About Sypris Solutions

(Get Free Report)

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.

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