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

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Shares of Sypris Solutions stock opened at $1.51 on Tuesday. Sypris Solutions has a twelve month low of $1.27 and a twelve month high of $2.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.41 and a current ratio of 1.26. The firm has a market cap of $34.76 million, a P/E ratio of -10.71 and a beta of 1.01. The firm’s 50-day simple moving average is $1.49 and its 200-day simple moving average is $1.61.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC raised its stake in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the period. Sypris Solutions comprises about 7.6% of Williams & Novak LLC’s investment 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 filing with the Securities and Exchange Commission (SEC). 44.66% of the stock is currently owned by institutional investors and hedge funds.

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.