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

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

Sypris Solutions Price Performance

NASDAQ SYPR opened at $2.25 on Thursday. The stock has a market capitalization of $51.80 million, a P/E ratio of -17.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. The business’s fifty day moving average is $1.97 and its two-hundred day moving average is $1.70. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72.

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

Institutional Investors Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions at the end of the most recent quarter. 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.