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

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

Sypris Solutions Trading Down 5.1 %

Shares of SYPR stock opened at $1.50 on Wednesday. The stock has a market cap of $34.53 million, a P/E ratio of -11.54 and a beta of 1.06. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $2.30. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $1.48 and a 200 day simple moving average of $1.61.

Institutional Trading of Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC increased its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 comprises 7.6% of Williams & Novak LLC’s holdings, making the stock its largest holding. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 44.66% of the company’s stock.

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.