Sypris Solutions (NASDAQ:SYPR) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

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 $2.58 and traded as high as $3.38. Sypris Solutions shares last traded at $3.19, with a volume of 77,496 shares changing hands.

Analyst Upgrades and Downgrades

SYPR has been the topic of several research reports. Wall Street Zen upgraded shares of Sypris Solutions to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Sypris Solutions Stock Up 5.3%

The company has a current ratio of 1.54, a quick ratio of 0.50 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $3.31 and its 200-day moving average price is $2.58. The company has a market cap of $73.47 million, a price-to-earnings ratio of -31.90 and a beta of 0.75.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Jane Street Group LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned about 0.05% of Sypris Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 44.66% of the company’s stock.

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.