Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200-Day Moving Average – What’s Next?

Sypris Solutions, Inc. (NASDAQ:SYPR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.80 and traded as high as $3.42. Sypris Solutions shares last traded at $3.33, with a volume of 27,821 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SYPR. Wall Street Zen cut Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Sypris Solutions Price Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.28 and a quick ratio of 0.44. The firm has a 50-day moving average of $3.32 and a 200-day moving average of $2.80. The stock has a market cap of $77.61 million, a PE ratio of -12.04 and a beta of 0.87.

Sypris Solutions (NASDAQ:SYPR) last released its earnings results on Thursday, March 26th. The auto parts company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.15). Sypris Solutions had a negative return on equity of 33.62% and a negative net margin of 5.29%.The business had revenue of $30.28 million for the quarter, compared to analysts’ expectations of $21.70 million.

Institutional Trading of Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. XTX Topco Ltd bought a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Sypris Solutions Company Profile

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.