Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Sypris Solutions, Inc. (NASDAQ:SYPR)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.20 and traded as high as $4.28. Sypris Solutions shares last traded at $3.62, with a volume of 757,721 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Sypris Solutions Price Performance

The company’s 50 day moving average price is $2.44 and its 200 day moving average price is $2.20. 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 company has a market cap of $83.37 million, a price-to-earnings ratio of -36.20 and a beta of 0.74.

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

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.