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

by · The Cerbat Gem

StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR – Free Report) in a research note published on Wednesday. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Trading Down 0.6 %

NASDAQ:SYPR opened at $1.61 on Wednesday. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $3.72. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $1.89 and its 200-day simple moving average is $1.74. The firm has a market cap of $37.07 million, a P/E ratio of -12.38 and a beta of 1.08.

Sypris Solutions (NASDAQ:SYPR – Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The auto parts company reported $0.01 earnings per share for the quarter. The firm had revenue of $33.45 million 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

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions as of its most recent SEC filing. 44.66% of the stock is currently owned by hedge funds and other institutional investors.

Sypris Solutions Company Profile

(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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