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

Stock analysts at StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Saturday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Up 3.0 %

SYPR stock opened at $1.36 on Friday. The company’s 50 day simple moving average is $1.55 and its 200-day simple moving average is $1.61. The firm has a market capitalization of $31.24 million, a PE ratio of -7.56 and a beta of 1.01. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $2.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.28 and a quick ratio of 0.45.

Institutional Trading of Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC increased its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the quarter. Sypris Solutions makes up approximately 7.6% of Williams & Novak LLC’s holdings, making the stock its biggest holding. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. 44.66% of the stock is owned by hedge funds and other institutional investors.

About Sypris Solutions

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.