Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200-Day Moving Average – Should You Sell?
by Doug Wharley · The Cerbat GemSypris Solutions, Inc. (NASDAQ:SYPR – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.65 and traded as high as $3.17. Sypris Solutions shares last traded at $3.13, with a volume of 168,382 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Wall Street Zen lowered Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sypris Solutions presently has an average rating of “Sell”.
Get Our Latest Analysis on SYPR
Sypris Solutions Stock Up 6.1%
The company has a current ratio of 1.28, a quick ratio of 0.44 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $72.54 million, a PE ratio of -11.25 and a beta of 0.81. The firm has a 50-day moving average of $3.23 and a two-hundred day moving average of $2.65.
Sypris Solutions (NASDAQ:SYPR – Get Free Report) last issued its earnings results on Thursday, March 26th. The auto parts company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.15). The firm had revenue of $30.28 million during the quarter, compared to analysts’ expectations of $21.70 million. Sypris Solutions had a negative return on equity of 33.62% and a negative net margin of 5.29%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Sypris Solutions stock. Jane Street Group LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned approximately 0.05% of Sypris Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 44.66% of the company’s stock.
About Sypris Solutions
Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.
Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.