Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

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

Sypris Solutions Trading Up 2.0 %

Shares of NASDAQ SYPR traded up $0.03 during mid-day trading on Friday, reaching $1.39. The company had a trading volume of 1,404 shares, compared to its average volume of 18,688. Sypris Solutions has a 1-year low of $1.27 and a 1-year high of $2.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. The company has a 50-day moving average price of $1.53 and a two-hundred day moving average price of $1.61.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC lifted its holdings in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,248,719 shares of the auto parts company’s stock after buying an additional 75,831 shares during the period. Sypris Solutions comprises approximately 7.6% of Williams & Novak LLC’s portfolio, making the stock its biggest position. Williams & Novak LLC owned about 18.66% of Sypris Solutions worth $8,158,000 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.