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

Investment analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPRGet Free Report) in a report issued on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of NASDAQ:SYPR opened at $1.57 on Tuesday. The business has a 50-day moving average of $1.98 and a two-hundred day moving average of $1.74. The firm has a market capitalization of $36.14 million, a PE ratio of -12.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $3.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in Sypris Solutions, Inc. (NASDAQ:SYPRFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions at the end of the most recent quarter. 44.66% of the stock is owned by hedge funds and other institutional investors.

Sypris Solutions Company Profile

(Get Free Report)

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.

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