Sypris Solutions, Inc. (NASDAQ:SYPR) Sees Significant Decrease in Short Interest
by Doug Wharley · The Cerbat GemSypris Solutions, Inc. (NASDAQ:SYPR – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 153,492 shares, a decline of 24.6% from the March 15th total of 203,493 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 70,053 shares, the days-to-cover ratio is currently 2.2 days.
Wall Street Analysts Forecast Growth
SYPR has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. Wall Street Zen downgraded Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sypris Solutions has an average rating of “Sell”.
Sypris Solutions Stock Performance
Sypris Solutions stock opened at $3.50 on Thursday. The business has a 50 day moving average of $3.23 and a 200-day moving average of $2.70. Sypris Solutions has a 1 year low of $1.53 and a 1 year high of $4.74. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.28 and a quick ratio of 0.44. The company has a market capitalization of $80.61 million, a P/E ratio of -12.50 and a beta of 0.81.
Sypris Solutions (NASDAQ:SYPR – Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The auto parts company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.15). Sypris Solutions had a negative net margin of 5.29% and a negative return on equity of 33.62%. The firm had revenue of $30.28 million during the quarter, compared to analyst estimates of $21.70 million.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Sypris Solutions stock. XTX Topco Ltd acquired a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. Institutional investors own 44.66% of the company’s stock.
Sypris Solutions Company Profile
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.