StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

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

Sypris Solutions Trading Down 3.9 %

SYPR opened at $1.47 on Friday. The firm’s fifty day simple moving average is $1.58 and its 200 day simple moving average is $1.62. The stock has a market capitalization of $33.77 million, a P/E ratio of -8.17 and a beta of 0.98. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $2.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC raised its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the quarter. Sypris Solutions makes up approximately 7.6% of Williams & Novak LLC’s holdings, making the stock its biggest position. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. 44.66% of the stock is currently owned by institutional investors and hedge funds.

Sypris Solutions Company Profile

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.