Sypris Solutions (NASDAQ:SYPR) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note published on Sunday. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

NASDAQ SYPR opened at $1.62 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $1.74. The company has a market cap of $37.30 million, a P/E ratio of -12.46 and a beta of 1.07. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72.

Institutional Trading of Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 44.66% of the company’s stock.

Sypris Solutions Company Profile

Sypris Solutions, Inc engages in the provision of truck components, oil and gas pipeline components, and aerospace and defense electronics. It operates through Sypris Technologies and Sypris Electronics segments. The Sypris Technologies segment is involved in selling of forged, machined, welded, and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications.