Sypris Solutions (NASDAQ:SYPR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.71 and traded as high as $2.14. Sypris Solutions shares last traded at $2.05, with a volume of 45,491 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Sypris Solutions in a research note on Friday. They set a “hold” rating on the stock.

Sypris Solutions Trading Up 1.5 %

The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The stock has a market cap of $47.89 million, a price-to-earnings ratio of -16.00 and a beta of 1.07. The firm’s 50 day moving average is $2.06 and its two-hundred day moving average is $1.72.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 44.66% of the company’s stock.

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.