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

StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Sypris Solutions stock opened at $1.56 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $2.30. The stock has a market capitalization of $35.41 million, a P/E ratio of -9.15 and a beta of 0.98. The stock has a fifty day moving average of $1.58 and a 200-day moving average of $1.63.

Institutional Investors Weigh In On Sypris Solutions

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