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

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Wednesday. The firm 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 report on Tuesday, February 20th.

Sypris Solutions Stock Down 7.2 %

Shares of NASDAQ SYPR opened at $1.42 on Wednesday. The firm’s 50-day simple moving average is $1.73 and its 200 day simple moving average is $1.89. The company has a market cap of $31.82 million, a price-to-earnings ratio of -17.75 and a beta of 0.91. The company has a quick ratio of 0.31, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. Sypris Solutions has a 12-month low of $1.38 and a 12-month high of $2.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barlow Wealth Partners Inc. acquired a new position in Sypris Solutions during the 4th quarter worth about $51,000. Williams & Novak LLC bought a new stake in Sypris Solutions during the 4th quarter worth about $8,471,000. Finally, Dynamic Advisor Solutions LLC raised its holdings in Sypris Solutions by 4.4% during the 4th 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 during the last quarter. Institutional investors and hedge funds 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.