Sypris Solutions (NASDAQ:SYPR) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR – Get Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Down 3.0 %

Sypris Solutions stock opened at $1.92 on Monday. The stock has a 50-day moving average of $2.12 and a two-hundred day moving average of $2.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.79 and a current ratio of 1.63. Sypris Solutions has a one year low of $1.71 and a one year high of $3.56. The stock has a market cap of $42.50 million, a PE ratio of -19.20 and a beta of 1.29.

Sypris Solutions (NASDAQ:SYPR – Get Rating) last released its quarterly earnings results on Wednesday, November 16th. The auto parts company reported ($0.10) EPS for the quarter. Sypris Solutions had a negative net margin of 2.07% and a negative return on equity of 11.46%. The business had revenue of $25.20 million during the quarter.

Institutional Investors Weigh In On Sypris Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYPR. Vanguard Group Inc. raised its stake in Sypris Solutions by 5.7% in the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock valued at $1,294,000 after buying an additional 26,000 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Sypris Solutions in the first quarter worth about $4,939,000. Virtu Financial LLC purchased a new position in shares of Sypris Solutions in the first quarter worth about $53,000. Finally, Apis Capital Advisors LLC raised its stake in shares of Sypris Solutions by 166.7% in the second quarter. Apis Capital Advisors LLC now owns 80,000 shares of the auto parts company’s stock worth $186,000 after purchasing an additional 50,000 shares during the last quarter. 22.21% of the stock is currently owned by hedge funds and other institutional investors.

About Sypris Solutions

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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.