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

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

Shares of NASDAQ:SYPR opened at $1.57 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 52-week low of $1.27 and a 52-week high of $2.30. The stock has a market cap of $36.14 million, a price-to-earnings ratio of -12.08 and a beta of 1.06. The business has a 50-day moving average price of $1.47 and a 200-day moving average price of $1.62.

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.