StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

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

Sypris Solutions Stock Performance

SYPR opened at $1.47 on Friday. The stock has a market capitalization of $33.77 million, a price-to-earnings ratio of -8.17 and a beta of 0.98. The company has a fifty day moving average of $1.58 and a 200 day moving average of $1.62. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $2.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC boosted its stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the period. Sypris Solutions accounts for 7.6% of Williams & Novak LLC’s portfolio, making the stock its largest holding. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 as of its most recent filing with the SEC. Institutional investors own 44.66% of the company’s stock.

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.