Sypris Solutions (NASDAQ:SYPR) Research Coverage Started at StockNews.com

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

Sypris Solutions Price Performance

Shares of NASDAQ SYPR opened at $1.60 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $1.64 and its 200 day moving average is $1.65. The company has a market cap of $36.75 million, a price-to-earnings ratio of -9.41 and a beta of 0.98. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $2.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sypris Solutions stock. Dynamic Advisor Solutions LLC raised its stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,309,154 shares of the auto parts company’s stock after purchasing an additional 134,802 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 19.23% of Sypris Solutions worth $6,852,000 at the end of the most recent reporting period. 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.