Sypris Solutions (NASDAQ:SYPR) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

SYPR stock opened at $1.62 on Tuesday. The firm has a market cap of $36.89 million, a PE ratio of -9.53 and a beta of 0.98. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $1.63 and a 200-day moving average of $1.64. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $2.30.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Dynamic Advisor Solutions LLC boosted its position in Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,309,154 shares of the auto parts company’s stock after purchasing an additional 134,802 shares during the period. Dynamic Advisor Solutions LLC owned about 19.23% of Sypris Solutions worth $6,852,000 as of its most recent SEC filing. 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.