Sypris Solutions (NASDAQ:SYPR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.71 and traded as high as $2.14. Sypris Solutions shares last traded at $2.05, with a volume of 45,491 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Sypris Solutions in a research report on Friday. They issued a “hold” rating for the company.

Sypris Solutions Trading Up 1.5 %

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 business’s 50-day simple moving average is $2.06 and its two-hundred day simple moving average is $1.72. The company has a market capitalization of $47.89 million, a PE ratio of -16.00 and a beta of 1.07.

Sypris Solutions (NASDAQ:SYPR) last issued its earnings results on Tuesday, November 12th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $35.66 million for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%.

Institutional Investors Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions as of its most recent filing with the SEC. 44.66% of the stock is currently 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.