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

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

Sypris Solutions Price Performance

Sypris Solutions stock opened at $1.64 on Tuesday. Sypris Solutions has a 12-month low of $1.27 and a 12-month high of $3.72. The stock has a market capitalization of $37.76 million, a P/E ratio of -12.62 and a beta of 1.08. The firm’s 50-day moving average is $1.96 and its two-hundred day moving average is $1.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new position in Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned about 0.24% of Sypris Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.