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

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note released on Friday. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of Sypris Solutions stock opened at $2.08 on Friday. The stock has a market cap of $47.88 million, a price-to-earnings ratio of -16.00 and a beta of 1.07. The firm’s 50-day moving average is $2.06 and its 200 day moving average is $1.72. 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.

Sypris Solutions (NASDAQ:SYPR) last issued its earnings results on Tuesday, November 12th. The auto parts company reported $0.02 earnings per share for the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%. The business had revenue of $35.66 million during the quarter.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 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 SEC. 44.66% of the stock is owned by hedge funds and other institutional investors.

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.