Sypris Solutions (NASDAQ:SYPR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.84 and traded as high as $2.00. Sypris Solutions shares last traded at $1.99, with a volume of 22,020 shares.

Analyst Ratings Changes

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

Sypris Solutions Stock Up 3.1%

The firm has a market cap of $45.83 million, a P/E ratio of -19.90 and a beta of 0.90. The firm’s 50-day moving average price is $2.01 and its 200 day moving average price is $1.84. The company has a quick ratio of 0.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings results on Tuesday, August 12th. The auto parts company reported ($0.09) earnings per share for the quarter. The business had revenue of $31.43 million during the quarter. Sypris Solutions had a negative net margin of 1.86% and a negative return on equity of 12.86%.

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.