StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR - Free Report) in a research report report published on Thursday morning. The firm issued a hold rating on the auto parts company's stock.
Sypris Solutions Stock Performance
Shares of NASDAQ:SYPR traded up $0.01 during midday trading on Thursday, reaching $2.26. 29,037 shares of the company's stock traded hands, compared to its average volume of 91,037. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. Sypris Solutions has a one year low of $1.27 and a one year high of $3.72. The company has a market cap of $52.03 million, a price-to-earnings ratio of -17.38 and a beta of 1.07. The stock has a 50 day moving average of $2.00 and a 200 day moving average of $1.71.
Sypris Solutions (NASDAQ:SYPR - Get Free Report) last posted its earnings results on Tuesday, November 12th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter. Sypris Solutions had a negative net margin of 2.05% and a negative return on equity of 14.38%. The business had revenue of $35.66 million for the quarter.
Hedge Funds Weigh In On Sypris Solutions
An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC purchased a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent reporting period. 44.66% of the stock is currently owned by institutional investors.
About Sypris Solutions
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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.
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