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

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

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $1.39 on Tuesday. Sypris Solutions has a 52-week low of $1.27 and a 52-week high of $2.30. 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 stock has a market cap of $32.00 million, a PE ratio of -10.69 and a beta of 1.01. The business has a 50-day simple moving average of $1.50 and a 200-day simple moving average of $1.61.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC raised its holdings in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,248,719 shares of the auto parts company’s stock after purchasing an additional 75,831 shares during the period. Sypris Solutions comprises 7.6% of Williams & Novak LLC’s holdings, making the stock its largest position. Williams & Novak LLC owned about 18.66% of Sypris Solutions worth $8,158,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.