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

Sypris Solutions, Inc. (NASDAQ:SYPR)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.30 and traded as high as $3.47. Sypris Solutions shares last traded at $3.41, with a volume of 99,016 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sypris Solutions has an average rating of “Sell”.

Sypris Solutions Stock Performance

The business has a 50-day moving average of $2.72 and a two-hundred day moving average of $2.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.54 and a quick ratio of 0.50. The company has a market cap of $78.53 million, a P/E ratio of -34.10 and a beta of 0.83.

Sypris Solutions (NASDAQ:SYPR) last released 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 business had revenue of $28.67 million during the quarter.

Sypris Solutions Company Profile

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.