Sypris Solutions (NASDAQ:SYPR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Sypris Solutions, Inc. (NASDAQ:SYPR)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.14 and traded as high as $3.05. Sypris Solutions shares last traded at $3.01, with a volume of 587,094 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sypris Solutions has a consensus rating of “Sell”.

Sypris Solutions Stock Up 21.4%

The company has a market cap of $69.32 million, a P/E ratio of -30.10 and a beta of 0.74. The stock has a 50-day moving average of $2.25 and a two-hundred day moving average of $2.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.50 and a current ratio of 1.54.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings results on Wednesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. Sypris Solutions had a negative net margin of 1.87% and a negative return on equity of 11.91%. The firm had revenue of $28.67 million for the quarter.

About Sypris Solutions

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.