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

Equities researchers at StockNews.com began 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 3.6 %

Shares of SYPR stock opened at $1.63 on Wednesday. The stock has a market cap of $37.53 million, a P/E ratio of -12.54 and a beta of 1.08. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72. 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 $1.92 and a 200 day simple moving average of $1.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions as of its most recent SEC filing. 44.66% of the stock is currently owned by hedge funds and other institutional investors.

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.