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

Equities researchers at StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report issued on Sunday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of SYPR opened at $1.36 on Friday. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $2.30. The stock has a market capitalization of $31.24 million, a PE ratio of -7.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. The stock has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.61.

Institutional Investors Weigh In On 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% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,248,719 shares of the auto parts company’s stock after purchasing an additional 75,831 shares during the period. Sypris Solutions accounts for approximately 7.6% of Williams & Novak LLC’s portfolio, making the stock its largest position. Williams & Novak LLC owned 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. 44.66% of the stock is currently 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.