Sypris Solutions (NASDAQ:SYPR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report released on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Trading Down 1.0 %

Shares of SYPR stock opened at $1.54 on Thursday. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $2.30. The stock’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. The company has a market cap of $35.07 million, a PE ratio of -9.06 and a beta of 0.98.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC grew its stake in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,248,719 shares of the auto parts company’s stock after purchasing an additional 75,831 shares during the period. Sypris Solutions comprises approximately 7.6% of Williams & Novak LLC’s investment portfolio, making the stock its largest position. Williams & Novak LLC owned 18.66% of Sypris Solutions worth $8,158,000 as of its most recent SEC filing. 44.66% of the stock is owned by hedge funds and other institutional investors.

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.