StockNews.com Begins Coverage on Sypris Solutions (NASDAQ:SYPR)

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

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

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $1.34 on Thursday. The firm’s 50 day moving average price is $1.66 and its 200-day moving average price is $1.86. Sypris Solutions has a twelve month low of $1.27 and a twelve month high of $2.30. 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 stock has a market capitalization of $30.51 million, a PE ratio of -16.75 and a beta of 0.95.

Sypris Solutions (NASDAQ:SYPR) last released its earnings results on Monday, April 1st. The auto parts company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $34.74 million during the quarter. Sypris Solutions had a negative return on equity of 7.32% and a negative net margin of 1.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its position in Sypris Solutions by 3.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock worth $6,852,000 after buying an additional 134,802 shares during the last quarter. Williams & Novak LLC bought a new stake in Sypris Solutions in the fourth quarter worth $8,471,000. Finally, Barlow Wealth Partners Inc. bought a new stake in Sypris Solutions in the fourth quarter worth $51,000. 44.66% of the stock is 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.