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

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

Separately, TheStreet downgraded shares of Sypris Solutions from a “c-” rating to a “d+” rating in a report on Tuesday, February 20th.

Sypris Solutions Stock Performance

Shares of NASDAQ SYPR opened at $1.53 on Wednesday. The company has a market cap of $34.29 million, a PE ratio of -19.13 and a beta of 0.91. Sypris Solutions has a 12 month low of $1.49 and a 12 month high of $2.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.31. The company has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $1.90.

Institutional Investors Weigh In On Sypris Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of SYPR. Dynamic Advisor Solutions LLC boosted its position in shares of Sypris Solutions by 4.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock worth $8,599,000 after acquiring an additional 176,805 shares during the last quarter. Williams & Novak LLC acquired a new stake in shares of Sypris Solutions in the fourth quarter worth approximately $8,471,000. Finally, Barlow Wealth Partners Inc. acquired a new stake in shares of Sypris Solutions in the fourth quarter worth approximately $51,000. 44.66% of the stock is currently owned by hedge funds and other 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.