Sypris Solutions (NASDAQ:SYPR) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

NASDAQ SYPR opened at $1.91 on Wednesday. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.04. Sypris Solutions has a one year low of $1.71 and a one year high of $2.50. The firm has a market cap of $42.75 million, a PE ratio of -14.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.44 and a quick ratio of 0.61.

Sypris Solutions (NASDAQ:SYPR – Get Rating) last announced its earnings results on Thursday, March 16th. The auto parts company reported $0.01 EPS for the quarter. Sypris Solutions had a negative return on equity of 14.96% and a negative net margin of 2.50%. The company had revenue of $29.71 million for the quarter.

Hedge Funds Weigh In On Sypris Solutions

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Sypris Solutions during the first quarter valued at approximately $53,000. Dimensional Fund Advisors LP boosted its position in Sypris Solutions by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock valued at $151,000 after buying an additional 13,389 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Sypris Solutions by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock valued at $1,294,000 after buying an additional 26,000 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Sypris Solutions during the first quarter worth $4,939,000. 22.21% of the stock is owned by institutional investors.

About Sypris Solutions

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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.