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

Stock analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Stock Up 58.7 %

Shares of NASDAQ:SYPR opened at $2.65 on Friday. The firm has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $1.65. Sypris Solutions has a 52 week low of $1.27 and a 52 week high of $3.20. 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 company has a market cap of $61.00 million, a PE ratio of -20.38 and a beta of 1.06.

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.