Sypris Solutions (NASDAQ:SYPR) Announces Earnings Results

Sypris Solutions (NASDAQ:SYPR) announced its earnings results on Thursday. The auto parts company reported $0.01 earnings per share for the quarter, Zacks reports. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%. The company had revenue of $33.45 million during the quarter.

Sypris Solutions Price Performance

Shares of NASDAQ SYPR opened at $1.61 on Friday. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $3.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. The company has a market cap of $37.07 million, a PE ratio of -12.38 and a beta of 1.08. The business has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $1.74.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Sypris Solutions in a report on Wednesday. They set a “hold” rating for the company.

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.