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

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

Sypris Solutions Trading Down 1.4 %

SYPR opened at $1.36 on Friday. The firm’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.60. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 0.45. Sypris Solutions has a 12 month low of $1.27 and a 12 month high of $2.30. The stock has a market capitalization of $31.24 million, a P/E ratio of -10.46 and a beta of 1.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sypris Solutions stock. Williams & Novak LLC lifted its position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,248,719 shares of the auto parts company’s stock after acquiring an additional 75,831 shares during the period. Sypris Solutions makes up about 7.6% of Williams & Novak LLC’s portfolio, making the stock its largest holding. Williams & Novak LLC owned approximately 18.66% of Sypris Solutions worth $8,158,000 at the end of the most recent reporting period. 44.66% of the stock is owned by 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.