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

Research analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued on Wednesday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Up 7.9 %

Sypris Solutions stock opened at $2.19 on Wednesday. The business has a 50-day simple moving average of $1.90 and a two-hundred day simple moving average of $1.69. The company has a market cap of $50.41 million, a P/E ratio of -16.85 and a beta of 1.04. Sypris Solutions has a 52-week low of $1.27 and a 52-week high of $3.72. The company has a quick ratio of 0.41, a current ratio of 1.26 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 earnings per share (EPS) for the quarter. The company 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%.

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.