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

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note published on Thursday. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Trading Down 1.0 %

Shares of SYPR opened at $1.54 on Thursday. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $2.30. The stock has a fifty day moving average of $1.58 and a two-hundred day moving average of $1.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. The company has a market capitalization of $35.07 million, a PE ratio of -9.06 and a beta of 0.98.

Institutional Trading of Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Dynamic Advisor Solutions LLC grew its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,309,154 shares of the auto parts company’s stock after buying an additional 134,802 shares during the period. Dynamic Advisor Solutions LLC owned 19.23% of Sypris Solutions worth $6,852,000 as of its most recent filing with the Securities and Exchange Commission. 44.66% of the stock is currently owned by hedge funds and other 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.