Sypris Solutions (NASDAQ:SYPR) Coverage Initiated at Wall Street Zen

Equities research analysts at Wall Street Zen assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Wednesday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Down 0.6%

NASDAQ:SYPR opened at $1.60 on Wednesday. The firm has a market cap of $36.77 million, a P/E ratio of -12.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. Sypris Solutions has a fifty-two week low of $1.30 and a fifty-two week high of $3.72. The firm has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.77.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Wednesday, May 14th. The auto parts company reported ($0.04) earnings per share for the quarter. The firm had revenue of $29.51 million for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 44.66% of the company’s stock.

Sypris Solutions Company Profile

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.