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

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

Sypris Solutions Price Performance

Shares of SYPR stock opened at $1.38 on Friday. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $2.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.28 and a quick ratio of 0.45. The company has a market capitalization of $31.70 million, a PE ratio of -7.67 and a beta of 1.01. The firm’s 50-day moving average is $1.52 and its two-hundred day moving average is $1.61.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC boosted its position in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,248,719 shares of the auto parts company’s stock after buying an additional 75,831 shares during the period. Sypris Solutions makes up about 7.6% of Williams & Novak LLC’s holdings, making the stock its biggest position. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent reporting period. 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.