Sypris Solutions (NASDAQ:SYPR) Earns Hold Rating from Analysts at StockNews.com

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

Sypris Solutions Stock Performance

Sypris Solutions stock opened at $1.65 on Monday. The business has a 50 day moving average of $2.03 and a 200-day moving average of $1.73. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. The company has a market capitalization of $37.99 million, a P/E ratio of -12.69 and a beta of 1.08.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent Form 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 0.24% of Sypris Solutions as of its most recent filing with the Securities and Exchange Commission. 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.