Sypris Solutions (NASDAQ:SYPR) Earns Hold Rating from Analysts at StockNews.com

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

Sypris Solutions Price Performance

Shares of Sypris Solutions stock opened at $1.63 on Thursday. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. The stock has a market cap of $37.52 million, a price-to-earnings ratio of -12.54 and a beta of 0.96. The firm’s 50-day moving average is $1.84 and its two-hundred day moving average is $1.74.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings data on Thursday, March 27th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $33.45 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 Sypris Solutions, Inc. (NASDAQ:SYPR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions as of its most recent SEC filing. 44.66% of the stock is owned by institutional investors and hedge funds.

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.