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

Analysts at StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Saturday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Up 3.0 %

Shares of NASDAQ:SYPR opened at $1.36 on Friday. The stock has a 50 day moving average of $1.56 and a 200 day moving average of $1.61. The company has a market cap of $31.24 million, a PE ratio of -7.56 and a beta of 0.98. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $2.30. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 0.45.

Institutional Trading of Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC raised its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the quarter. Sypris Solutions makes up about 7.6% of Williams & Novak LLC’s investment portfolio, making the stock its biggest position. Williams & Novak LLC owned about 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 44.66% of the company’s stock.

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.