Sypris Solutions (NASDAQ:SYPR) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.83 and traded as high as $2.23. Sypris Solutions shares last traded at $2.15, with a volume of 41,505 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Sypris Solutions in a research note on Wednesday, May 21st. They set a “hold” rating on the stock.

Sypris Solutions Stock Up 9.7%

The stock has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $1.83. The firm has a market cap of $49.41 million, a PE ratio of -16.54 and a beta of 1.02. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45.

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

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions as of its most recent SEC filing. 44.66% of the stock is currently owned by hedge funds and other institutional investors.

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.