Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

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

Sypris Solutions Stock Performance

Sypris Solutions stock opened at $1.63 on Thursday. The stock has a market cap of $37.52 million, a PE ratio of -12.54 and a beta of 0.96. 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 has a 12-month low of $1.27 and a 12-month high of $3.72. The business’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $1.74.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings results on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $33.45 million for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%.

Hedge Funds Weigh In On Sypris Solutions

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 fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter. 44.66% of the stock is owned by institutional investors and hedge funds.

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.