StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

Research analysts at StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $1.66 on Friday. 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 company has a 50 day moving average price of $2.09 and a 200-day moving average price of $1.74. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $3.72. The firm has a market capitalization of $38.22 million, a PE ratio of -12.77 and a beta of 1.07.

Institutional Investors Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 44.66% of the stock is owned by institutional investors.

About Sypris Solutions

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.