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

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPRGet Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the auto parts company’s stock.

Shares of NASDAQ SYPR opened at $2.18 on Wednesday. The firm has a fifty day moving average price of $2.45 and a 200-day moving average price of $2.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 0.76. The stock has a market cap of $47.70 million, a PE ratio of 18.17 and a beta of 1.55. Sypris Solutions has a 1 year low of $1.82 and a 1 year high of $4.37.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Sypris Solutions by 4.8% in the third quarter. BlackRock Inc. now owns 78,286 shares of the auto parts company’s stock worth $279,000 after purchasing an additional 3,613 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Sypris Solutions by 13.5% in the third quarter. Geode Capital Management LLC now owns 95,207 shares of the auto parts company’s stock worth $339,000 after purchasing an additional 11,332 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of Sypris Solutions by 48.9% in the fourth quarter. Susquehanna International Group LLP now owns 35,896 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 11,796 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Sypris Solutions in the third quarter worth $54,000. Finally, Millennium Management LLC purchased a new position in Sypris Solutions during the fourth quarter valued at $37,000. 8.29% of the stock is owned by hedge funds and other institutional investors.

About Sypris Solutions (Get Rating)

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.

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