Sypris Solutions (NASDAQ:SYPR) Earns Hold Rating from Analysts at StockNews.com

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

Sypris Solutions Price Performance

Shares of NASDAQ SYPR opened at $1.51 on Tuesday. Sypris Solutions has a fifty-two week low of $1.27 and a fifty-two week high of $2.30. The business has a 50 day moving average price of $1.48 and a two-hundred day moving average price of $1.61. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The firm has a market cap of $34.76 million, a PE ratio of -11.62 and a beta of 1.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC grew its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,248,719 shares of the auto parts company’s stock after buying an additional 75,831 shares during the period. Sypris Solutions comprises 7.6% of Williams & Novak LLC’s portfolio, making the stock its largest position. Williams & Novak LLC owned 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent quarter. 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.