Sypris Solutions (NASDAQ:SYPR) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report issued on Wednesday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

SYPR opened at $1.62 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $1.90 and its two-hundred day moving average price is $1.74. The firm has a market capitalization of $37.30 million, a P/E ratio of -12.46 and a beta of 1.08. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $3.72.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings data on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%.

Institutional Investors Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions as of its most recent SEC filing. 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.