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

Investment analysts at StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report issued on Tuesday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Performance

NASDAQ SYPR opened at $1.51 on Tuesday. Sypris Solutions has a 1-year low of $1.27 and a 1-year high of $2.30. The company has a 50 day moving average of $1.49 and a 200-day moving average of $1.61. 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 firm has a market cap of $34.76 million, a price-to-earnings ratio of -10.71 and a beta of 1.01.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC grew its holdings in 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 SEC. The institutional investor owned 4,248,719 shares of the auto parts company’s stock after buying an additional 75,831 shares during the quarter. Sypris Solutions makes up 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 as of its most recent SEC filing. Hedge funds and other institutional investors 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.