Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Sypris Solutions, Inc. (NASDAQ:SYPR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.71 and traded as high as $2.14. Sypris Solutions shares last traded at $2.05, with a volume of 45,491 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Sypris Solutions in a research report on Friday. They set a “hold” rating on the stock.

Sypris Solutions Stock Down 4.7 %

The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The firm has a market cap of $47.19 million, a P/E ratio of -15.77 and a beta of 1.07. The stock’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $1.71.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $35.66 million for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions at the end of the most recent reporting period. 44.66% of the stock is currently 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.