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

Equities research analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued on Friday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Up 1.5 %

NASDAQ SYPR opened at $2.08 on Friday. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $3.72. The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $1.72. 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 $47.89 million, a PE ratio of -16.00 and a beta of 1.07.

Institutional Trading of Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 44.66% of the stock is currently owned by hedge funds and other institutional investors.

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.