Sypris Solutions (NASDAQ:SYPR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Sypris Solutions, Inc. (NASDAQ:SYPR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.98 and traded as high as $3.33. Sypris Solutions shares last traded at $3.11, with a volume of 216,006 shares traded.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. Wall Street Zen downgraded Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Sypris Solutions Stock Performance

The firm has a fifty day simple moving average of $3.25 and a 200-day simple moving average of $2.98. The company has a current ratio of 1.20, a quick ratio of 0.39 and a debt-to-equity ratio of 1.07. The stock has a market cap of $66.27 million, a price-to-earnings ratio of -6.86 and a beta of 0.85.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings results on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). The company had revenue of $25.81 million during the quarter, compared to analyst estimates of $22.70 million. Sypris Solutions had a negative net margin of 8.23% and a negative return on equity of 54.45%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of Sypris Solutions in the 1st quarter valued at $505,000. Dimensional Fund Advisors LP lifted its stake in shares of Sypris Solutions by 33.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock valued at $160,000 after purchasing an additional 13,975 shares during the period. XTX Topco Ltd bought a new stake in shares of Sypris Solutions in the 4th quarter valued at $25,000. Finally, Jane Street Group LLC bought a new stake in shares of Sypris Solutions in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 44.66% of the company’s stock.

About Sypris Solutions

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.