StockNews.com began coverage on shares of Sypris Solutions (NASDAQ:SYPR – Free Report) in a research note released on Wednesday. The firm issued a hold rating on the auto parts company’s stock.
Sypris Solutions Stock Performance
Sypris Solutions stock opened at $1.67 on Wednesday. The company has a market cap of $38.45 million, a PE ratio of -12.85 and a beta of 1.08. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72. The company’s 50-day moving average is $1.91 and its two-hundred day moving average is $1.74.
Institutional Trading of Sypris Solutions
An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions as of its most recent SEC filing. 44.66% of the stock is 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.
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