Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note released on Sunday. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

SYPR stock opened at $1.60 on Friday. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $2.30. The company has a market cap of $36.44 million, a P/E ratio of -9.41 and a beta of 0.98. The firm has a 50-day moving average of $1.67 and a 200 day moving average of $1.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.28 and a quick ratio of 0.45.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Dynamic Advisor Solutions LLC raised its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 19.23% of Sypris Solutions worth $6,852,000 as of its most recent SEC filing. 44.66% of the stock is owned by institutional investors.

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.