Sypris Solutions, Inc. (SYPR) Director Gary L. Convis Acquires 68,000 Shares of Stock

Sypris Solutions, Inc. (NASDAQ:SYPR) Director Gary L. Convis acquired 68,000 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was acquired at an average cost of $1.80 per share, for a total transaction of $122,400.00. Following the transaction, the director now owns 300,000 shares of the company’s stock, valued at approximately $540,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sypris Solutions traded up $0.01, hitting $1.69, during midday trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 55,877 shares, compared to its average volume of 28,201. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.04. Sypris Solutions, Inc. has a 1 year low of $1.25 and a 1 year high of $1.90.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings data on Tuesday, May 15th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). Sypris Solutions had a negative return on equity of 44.52% and a negative net margin of 11.07%. The business had revenue of $19.94 million during the quarter.

About Sypris Solutions

Sypris Solutions, Inc provides truck components, oil and gas pipeline components, and aerospace and defense electronics in the United States and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets.

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