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

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

Sypris Solutions Price Performance

NASDAQ SYPR opened at $1.86 on Friday. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 0.41. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $2.30. The firm’s 50 day moving average is $1.61 and its 200-day moving average is $1.77. The company has a market capitalization of $42.35 million, a PE ratio of -10.94 and a beta of 1.00.

Sypris Solutions (NASDAQ:SYPR) last released its earnings results on Wednesday, May 15th. The auto parts company reported ($0.10) earnings per share for the quarter. The firm had revenue of $35.55 million during the quarter. Sypris Solutions had a negative net margin of 2.61% and a negative return on equity of 16.73%.

Institutional Investors Weigh In On Sypris Solutions

Hedge funds have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC raised its position in shares of Sypris Solutions by 3.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock valued at $6,852,000 after purchasing an additional 134,802 shares during the period. Williams & Novak LLC bought a new position in Sypris Solutions in the 4th quarter valued at about $8,471,000. Finally, Barlow Wealth Partners Inc. acquired a new stake in Sypris Solutions during the fourth quarter worth approximately $51,000. 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.