Sypris Solutions (NASDAQ:SYPR) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPRFree Report) in a report released on Sunday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Separately, TheStreet cut shares of Sypris Solutions from a c- rating to a d+ rating in a research note on Tuesday, February 20th.

Read Our Latest Report on Sypris Solutions

Sypris Solutions Stock Down 4.2 %

Shares of Sypris Solutions stock opened at $1.59 on Friday. The firm’s 50 day moving average price is $1.87 and its 200-day moving average price is $1.93. The company has a quick ratio of 0.33, a current ratio of 1.24 and a debt-to-equity ratio of 0.27. Sypris Solutions has a 52-week low of $1.52 and a 52-week high of $2.30. The company has a market cap of $35.70 million, a P/E ratio of -79.50 and a beta of 0.92.

Hedge Funds Weigh In On Sypris Solutions

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 13,389 shares during the period. Virtu Financial LLC acquired a new position in shares of Sypris Solutions in the 1st quarter valued at $53,000. Barlow Wealth Partners Inc. acquired a new position in shares of Sypris Solutions in the 4th quarter valued at $51,000. Vanguard Group Inc. lifted its stake in shares of Sypris Solutions by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 506,647 shares of the auto parts company’s stock valued at $1,028,000 after purchasing an additional 25,763 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Sypris Solutions by 4.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock valued at $8,599,000 after purchasing an additional 176,805 shares during the period. 44.66% of the stock is currently owned by institutional investors and hedge funds.

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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