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

StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research note released on Tuesday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Sypris Solutions Trading Up 1.9 %

SYPR opened at $1.63 on Tuesday. The stock has a market capitalization of $37.12 million, a PE ratio of -9.59 and a beta of 0.98. Sypris Solutions has a one year low of $1.27 and a one year high of $2.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 1.28. The business’s 50 day moving average price is $1.61 and its 200 day moving average price is $1.64.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sypris Solutions stock. Dynamic Advisor Solutions LLC lifted its position in Sypris Solutions, Inc. (NASDAQ:SYPR) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,309,154 shares of the auto parts company’s stock after buying an additional 134,802 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 19.23% of Sypris Solutions worth $6,852,000 at the end of the most recent reporting period. 44.66% of the stock is owned by hedge funds and other institutional investors.

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.