Sypris Solutions (NASDAQ:SYPR) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Sypris Solutions, Inc. (NASDAQ:SYPR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.51 and traded as high as $3.74. Sypris Solutions shares last traded at $3.66, with a volume of 88,775 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. Wall Street Zen raised Sypris Solutions to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sypris Solutions presently has a consensus rating of “Sell”.

Sypris Solutions Stock Up 6.1%

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.50 and a current ratio of 1.54. The firm has a market capitalization of $84.29 million, a PE ratio of -36.60 and a beta of 0.75. The company has a fifty day moving average price of $3.18 and a 200-day moving average price of $2.51.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. XTX Topco Ltd 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 fund bought 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. 44.66% of the stock is currently owned by institutional investors.

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.