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

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPRFree Report) in a research note released on Saturday morning. The firm issued a hold rating on the auto parts company’s stock.

Separately, TheStreet downgraded shares of Sypris Solutions from a c- rating to a d+ rating in a report on Tuesday, February 20th.

Check Out Our Latest Stock Analysis on SYPR

Sypris Solutions Stock Performance

SYPR opened at $1.77 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $39.74 million, a price-to-earnings ratio of -88.50 and a beta of 0.92. The company’s 50 day moving average is $1.92 and its 200 day moving average is $1.94. Sypris Solutions has a 12-month low of $1.64 and a 12-month high of $2.30.

Hedge Funds Weigh In On Sypris Solutions

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Sypris Solutions by 5.7% in the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock worth $1,294,000 after purchasing an additional 26,000 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Sypris Solutions in the first quarter worth $4,939,000. Virtu Financial LLC bought a new stake in Sypris Solutions in the first quarter worth $53,000. Dimensional Fund Advisors LP increased its position in Sypris Solutions by 21.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock worth $151,000 after purchasing an additional 13,389 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Sypris Solutions by 7.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,997,547 shares of the auto parts company’s stock worth $7,620,000 after purchasing an additional 280,735 shares during the last quarter. Hedge funds and other institutional investors own 24.45% of the company’s stock.

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.

Further Reading

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