Sypris Solutions (NASDAQ:SYPR) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report issued on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Up 3.2 %

Shares of SYPR opened at $1.62 on Friday. The firm’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.65. The firm has a market capitalization of $36.89 million, a P/E ratio of -9.53 and a beta of 0.98. Sypris Solutions has a twelve month low of $1.27 and a twelve month high of $2.30. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 0.45.

Institutional Trading of Sypris Solutions

An institutional investor recently raised its position in Sypris Solutions stock. Williams & Novak LLC grew its holdings in Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,248,719 shares of the auto parts company’s stock after purchasing an additional 75,831 shares during the quarter. Sypris Solutions makes up approximately 7.6% of Williams & Novak LLC’s portfolio, making the stock its largest holding. Williams & Novak LLC owned 18.66% of Sypris Solutions worth $8,158,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Sypris Solutions Company Profile

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.