Sypris Solutions (NASDAQ:SYPR) Releases Quarterly Earnings Results

Sypris Solutions (NASDAQ:SYPR) announced its earnings results on Wednesday. The auto parts company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06, reports. Sypris Solutions had a negative return on equity of 36.94% and a negative net margin of 4.58%. The business had revenue of $24.44 million during the quarter. Sypris Solutions updated its FY 2019 guidance to EPS.

Shares of NASDAQ:SYPR traded down $0.01 during trading hours on Friday, hitting $1.04. 200 shares of the company’s stock traded hands, compared to its average volume of 7,491. Sypris Solutions has a 1 year low of $0.70 and a 1 year high of $1.65. The business has a fifty day moving average price of $0.87 and a 200-day moving average price of $0.96. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.18.

Sypris Solutions Company Profile

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.

Further Reading: Oversold

Earnings History for Sypris Solutions (NASDAQ:SYPR)

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