StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

Investment analysts at StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report issued on Thursday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

NASDAQ:SYPR opened at $1.63 on Thursday. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $3.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. The firm’s 50-day simple moving average is $1.84 and its 200 day simple moving average is $1.74. The firm has a market cap of $37.52 million, a price-to-earnings ratio of -12.54 and a beta of 0.96.

Sypris Solutions (NASDAQ:SYPR) last announced its earnings results on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%. The firm had revenue of $33.45 million for the quarter.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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. 44.66% of the stock is owned by institutional investors.

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.