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

StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report sent to investors on Tuesday. The firm issued a hold rating on the auto parts company’s stock.

Separately, TheStreet cut Sypris Solutions from a c- rating to a d+ rating in a report on Tuesday, February 20th.

Sypris Solutions Price Performance

Shares of SYPR opened at $1.61 on Tuesday. Sypris Solutions has a 12-month low of $1.52 and a 12-month high of $2.30. The business’s fifty day moving average is $1.76 and its 200 day moving average is $1.91. The company has a quick ratio of 0.31, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The stock has a market cap of $36.08 million, a P/E ratio of -20.13 and a beta of 0.91.

Hedge Funds Weigh In On Sypris Solutions

Several large investors have recently bought and sold shares of SYPR. Barlow Wealth Partners Inc. bought a new position in Sypris Solutions during the 4th quarter valued at $51,000. Virtu Financial LLC bought a new position in Sypris Solutions during the 1st quarter valued at $53,000. Dimensional Fund Advisors LP lifted its stake in Sypris Solutions by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock valued at $151,000 after acquiring an additional 13,389 shares in the last quarter. Vanguard Group Inc. lifted its stake in Sypris Solutions by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 506,647 shares of the auto parts company’s stock valued at $1,028,000 after acquiring an additional 25,763 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in Sypris Solutions during the 1st quarter valued at $4,939,000. 44.66% of the stock is currently 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.