Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

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

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

Sypris Solutions Stock Up 2.4 %

Shares of Sypris Solutions stock opened at $1.70 on Tuesday. Sypris Solutions has a 52-week low of $1.52 and a 52-week high of $2.30. The company has a 50 day moving average of $1.77 and a 200 day moving average of $1.91. The company has a quick ratio of 0.31, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $38.10 million, a P/E ratio of -21.25 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SYPR. Williams & Novak LLC purchased a new position in Sypris Solutions in the fourth quarter worth approximately $8,471,000. Atria Wealth Solutions Inc. acquired a new stake in Sypris Solutions during the first quarter worth approximately $4,939,000. Dynamic Advisor Solutions LLC raised its holdings in Sypris Solutions by 4.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock worth $8,599,000 after purchasing an additional 176,805 shares in the last quarter. Vanguard Group Inc. raised its holdings in Sypris Solutions by 5.7% during the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock worth $1,294,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Barlow Wealth Partners Inc. acquired a new stake in Sypris Solutions during the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

About Sypris Solutions

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.