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

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Tuesday. The firm issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of NASDAQ:SYPR opened at $1.63 on Tuesday. The business’s 50 day moving average price is $1.61 and its 200-day moving average price is $1.64. 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 current ratio of 1.28 and a quick ratio of 0.45. The firm has a market capitalization of $37.12 million, a PE ratio of -9.59 and a beta of 0.98.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Dynamic Advisor Solutions LLC boosted its holdings in shares of 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. The institutional investor owned 4,309,154 shares of the auto parts company’s stock after acquiring an additional 134,802 shares during the period. Dynamic Advisor Solutions LLC owned 19.23% of Sypris Solutions worth $6,852,000 at the end of the most recent reporting period. 44.66% of the stock is currently owned by hedge funds and other 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.