Sypris Solutions (NASDAQ:SYPR) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Monday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

NASDAQ SYPR opened at $1.65 on Monday. The firm’s 50 day moving average price is $1.66 and its 200-day moving average price is $1.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. The company has a market cap of $37.58 million, a PE ratio of -9.71 and a beta of 0.98. Sypris Solutions has a 52-week low of $1.27 and a 52-week high of $2.30.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC raised its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,248,719 shares of the auto parts company’s stock after purchasing an additional 75,831 shares during the quarter. Sypris Solutions accounts for 7.6% of Williams & Novak LLC’s portfolio, making the stock its largest position. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent reporting period. 44.66% of the stock is currently owned by institutional investors and hedge funds.

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.