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

Analysts at StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Friday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Up 3.9 %

Shares of SYPR opened at $1.58 on Friday. The company’s 50-day moving average price is $1.77 and its 200 day moving average price is $1.74. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $3.72. The firm has a market cap of $36.37 million, a P/E ratio of -12.15 and a beta of 0.96.

Sypris Solutions (NASDAQ:SYPR) last posted its earnings results on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $33.45 million for the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.