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

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

Sypris Solutions Trading Up 1.8%

NASDAQ SYPR opened at $1.67 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. Sypris Solutions has a twelve month low of $1.30 and a twelve month high of $3.72. The company has a market cap of $38.38 million, a price-to-earnings ratio of -12.85 and a beta of 0.95. The business’s fifty day moving average is $1.63 and its 200 day moving average is $1.75.

Sypris Solutions (NASDAQ:SYPR) last announced its earnings results on Wednesday, May 14th. The auto parts company reported ($0.04) earnings per share (EPS) for the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions at the end of the most recent quarter. Hedge funds and other 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.