Sypris Solutions (NASDAQ:SYPR) Receives New Coverage from Analysts at StockNews.com

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

Shares of SYPR stock opened at $1.92 on Friday. The firm has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.56. Sypris Solutions has a twelve month low of $1.82 and a twelve month high of $4.37. The company has a market capitalization of $42.01 million, a price-to-earnings ratio of 16.00 and a beta of 1.61. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC purchased a new position in Sypris Solutions in the fourth quarter valued at approximately $37,000. Goldman Sachs Group Inc. acquired a new stake in Sypris Solutions in the third quarter valued at approximately $54,000. Susquehanna International Group LLP grew its position in 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 valued at $89,000 after acquiring an additional 11,796 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sypris Solutions by 120.2% in the third quarter. Dimensional Fund Advisors LP now owns 51,033 shares of the auto parts company’s stock valued at $182,000 after acquiring an additional 27,858 shares in the last quarter. Finally, BlackRock Inc. grew its position in Sypris Solutions by 4.8% in the third quarter. BlackRock Inc. now owns 78,286 shares of the auto parts company’s stock valued at $279,000 after acquiring an additional 3,613 shares in the last quarter. Hedge funds and other institutional investors own 8.94% of the company’s stock.

Sypris Solutions Company Profile (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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