StockNews.com Initiates Coverage on Sypris Solutions (NASDAQ:SYPR)

StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

Separately, TheStreet downgraded shares of Sypris Solutions from a c- rating to a d+ rating in a research note on Tuesday, February 20th.

Sypris Solutions Trading Down 2.2 %

Shares of NASDAQ SYPR traded down $0.03 during midday trading on Thursday, hitting $1.34. The company’s stock had a trading volume of 24,597 shares, compared to its average volume of 43,221. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.31 and a current ratio of 1.20. The stock has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.86. Sypris Solutions has a one year low of $1.27 and a one year high of $2.30.

Sypris Solutions (NASDAQ:SYPR) last posted its earnings results on Monday, April 1st. The auto parts company reported ($0.05) EPS for the quarter. Sypris Solutions had a negative return on equity of 7.32% and a negative net margin of 1.17%. The business had revenue of $34.74 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Barlow Wealth Partners Inc. bought a new stake in Sypris Solutions during the fourth quarter worth about $51,000. Williams & Novak LLC purchased a new stake in shares of Sypris Solutions in the 4th quarter valued at $8,471,000. Finally, Dynamic Advisor Solutions LLC raised its position in Sypris Solutions by 4.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,174,352 shares of the auto parts company’s stock worth $8,599,000 after purchasing an additional 176,805 shares during the period. Institutional investors own 44.66% of the company’s stock.

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.