Richard L. Davis Sells 10,000 Shares of Sypris Solutions, Inc. (NASDAQ:SYPR) Stock

Sypris Solutions, Inc. (NASDAQ:SYPR) VP Richard L. Davis sold 10,000 shares of Sypris Solutions stock in a transaction on Monday, July 19th. The shares were sold at an average price of $3.04, for a total value of $30,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sypris Solutions stock opened at $3.30 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.48 and a quick ratio of 0.80. The firm has a market cap of $70.85 million, a PE ratio of 330.00 and a beta of 1.52. Sypris Solutions, Inc. has a 1-year low of $0.70 and a 1-year high of $7.89. The stock has a fifty day simple moving average of $3.37.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings data on Tuesday, May 18th. The auto parts company reported ($0.08) earnings per share for the quarter. The business had revenue of $19.98 million during the quarter. Sypris Solutions had a return on equity of 2.54% and a net margin of 0.43%.

A hedge fund recently raised its stake in Sypris Solutions stock. Geode Capital Management LLC boosted its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 52.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 77,642 shares of the auto parts company’s stock after acquiring an additional 26,796 shares during the quarter. Geode Capital Management LLC owned about 0.36% of Sypris Solutions worth $258,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.73% of the company’s stock.

Separately, TheStreet raised Sypris Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, July 13th.

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.

See Also: Hold Rating

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