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

StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPRGet Rating) in a research note published on Monday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Price Performance

Shares of SYPR opened at $2.22 on Monday. The firm has a market capitalization of $49.13 million, a PE ratio of -22.20 and a beta of 1.27. The company’s 50-day moving average is $1.98 and its 200-day moving average is $2.07. Sypris Solutions has a fifty-two week low of $1.71 and a fifty-two week high of $3.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.79.

Hedge Funds Weigh In On Sypris Solutions

A number of hedge funds have recently bought and sold shares of the business. Atria Wealth Solutions Inc. bought a new position in Sypris Solutions during the first quarter worth about $4,939,000. Vanguard Group Inc. increased its position in Sypris Solutions by 5.7% during the first quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock worth $1,294,000 after acquiring an additional 26,000 shares during the period. Apis Capital Advisors LLC increased its position in Sypris Solutions by 166.7% during the second quarter. Apis Capital Advisors LLC now owns 80,000 shares of the auto parts company’s stock worth $186,000 after acquiring an additional 50,000 shares during the period. Finally, Virtu Financial LLC bought a new position in Sypris Solutions during the first quarter worth about $53,000. 8.69% of the stock is owned by institutional investors.

About Sypris Solutions

(Get Rating)

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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