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

StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Monday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

SYPR stock opened at $1.60 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.28 and a quick ratio of 0.45. The business has a 50 day simple moving average of $1.65 and a 200-day simple moving average of $1.65. The firm has a market capitalization of $36.44 million, a PE ratio of -9.41 and a beta of 0.98. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $2.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sypris Solutions stock. Dynamic Advisor Solutions LLC increased its holdings in Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,309,154 shares of the auto parts company’s stock after acquiring an additional 134,802 shares during the period. Dynamic Advisor Solutions LLC owned approximately 19.23% of Sypris Solutions worth $6,852,000 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.