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

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

Sypris Solutions Stock Performance

NASDAQ:SYPR opened at $1.86 on Monday. The company has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $2.01. The company has a market cap of $41.05 million, a price-to-earnings ratio of -18.55 and a beta of 1.24. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 0.38. Sypris Solutions has a 52 week low of $1.71 and a 52 week high of $2.85.

Hedge Funds Weigh In On Sypris Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Sypris Solutions during the first quarter worth $53,000. Dimensional Fund Advisors LP grew its stake in shares of Sypris Solutions by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock worth $151,000 after purchasing an additional 13,389 shares in the last quarter. Apis Capital Advisors LLC grew its stake in shares of Sypris Solutions by 166.7% during 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Sypris Solutions by 5.7% during the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock worth $1,294,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Sypris Solutions during the first quarter worth $4,939,000. Institutional investors and hedge funds own 22.21% of the company’s stock.

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.