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

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

Sypris Solutions Stock Performance

Shares of Sypris Solutions stock opened at $1.92 on Thursday. The business has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $1.78. Sypris Solutions has a one year low of $1.27 and a one year high of $2.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.16 and a quick ratio of 0.36. The firm has a market capitalization of $43.72 million, a price-to-earnings ratio of -11.29 and a beta of 0.91.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Wednesday, May 15th. The auto parts company reported ($0.10) earnings per share for the quarter. The business had revenue of $35.55 million for the quarter. Sypris Solutions had a negative return on equity of 16.73% and a negative net margin of 2.61%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barlow Wealth Partners Inc. bought a new position in Sypris Solutions during the 4th quarter valued at $51,000. Dynamic Advisor Solutions LLC lifted its position in shares of Sypris Solutions by 3.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock valued at $6,852,000 after purchasing an additional 134,802 shares in the last quarter. Finally, Williams & Novak LLC purchased a new position in Sypris Solutions during the fourth quarter worth about $8,471,000. Hedge funds and other 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.