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

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

Sypris Solutions Price Performance

SYPR opened at $1.86 on Friday. The company has a market capitalization of $42.35 million, a price-to-earnings ratio of -10.94 and a beta of 1.00. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.77. Sypris Solutions has a twelve month low of $1.27 and a twelve month high of $2.30.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings data on Wednesday, May 15th. The auto parts company reported ($0.10) EPS for the quarter. The firm had revenue of $35.55 million for the quarter. Sypris Solutions had a negative net margin of 2.61% and a negative return on equity of 16.73%.

Institutional Investors Weigh In On Sypris Solutions

A number of hedge funds have recently made changes to their positions in SYPR. Williams & Novak LLC bought a new stake in Sypris Solutions during the 4th quarter valued at $8,471,000. Dynamic Advisor Solutions LLC raised its holdings in Sypris Solutions by 3.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock valued at $6,852,000 after buying an additional 134,802 shares during the last quarter. Finally, Barlow Wealth Partners Inc. bought a new stake in Sypris Solutions during the 4th quarter valued at $51,000. 44.66% of the stock is currently owned by institutional investors.

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.