Sypris Solutions (NASDAQ:SYPR) Stock Crosses Above 200-Day Moving Average – Here’s Why

Sypris Solutions, Inc. (NASDAQ:SYPR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.86 and traded as high as $2.38. Sypris Solutions shares last traded at $2.33, with a volume of 71,269 shares trading hands.

Sypris Solutions Trading Up 5.4%

The company’s 50 day moving average price is $2.01 and its 200 day moving average price is $1.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.43. The firm has a market cap of $53.66 million, a PE ratio of -23.30 and a beta of 0.90.

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

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.