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

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

Sypris Solutions Stock Down 2.4 %

NASDAQ:SYPR opened at $1.60 on Monday. The stock has a market capitalization of $36.44 million, a price-to-earnings ratio of -9.41 and a beta of 0.98. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $2.30. The stock’s fifty day moving average is $1.65 and its two-hundred day moving average is $1.65.

Institutional Trading of Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Dynamic Advisor Solutions LLC increased its stake in Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309,154 shares of the auto parts company’s stock after acquiring an additional 134,802 shares during the period. Dynamic Advisor Solutions LLC owned approximately 19.23% of Sypris Solutions worth $6,852,000 at the end of the most recent reporting period. Institutional investors own 44.66% of the company’s stock.

About Sypris Solutions

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.