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

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

Sypris Solutions Stock Up 0.4 %

SYPR opened at $2.26 on Thursday. The firm’s 50 day simple moving average is $1.98 and its two-hundred day simple moving average is $1.70. The company has a market capitalization of $52.03 million, a PE ratio of -17.38 and a beta of 1.07. Sypris Solutions has a 1-year low of $1.27 and a 1-year 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.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. The firm had revenue of $35.66 million during the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC purchased a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. 44.66% of the stock is currently owned by institutional investors.

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.