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

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

Sypris Solutions Trading Up 1.5 %

Shares of Sypris Solutions stock opened at $1.37 on Friday. The stock has a market cap of $31.47 million, a P/E ratio of -7.61 and a beta of 1.01. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $2.30. The business’s 50 day moving average is $1.54 and its 200-day moving average is $1.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC lifted its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the quarter. Sypris Solutions makes up about 7.6% of Williams & Novak LLC’s portfolio, making the stock its biggest holding. Williams & Novak LLC owned 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. 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.