Sypris Solutions (NASDAQ:SYPR) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Sypris Solutions (NASDAQ:SYPR) in a report released on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

Sypris Solutions Trading Down 9.8 %

Shares of SYPR stock opened at $1.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.41. The company has a market cap of $38.22 million, a price-to-earnings ratio of -12.77 and a beta of 1.07. Sypris Solutions has a 1 year low of $1.27 and a 1 year high of $3.72. The firm has a fifty day moving average price of $2.09 and a 200-day moving average price of $1.74.

Institutional Trading of Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Belvedere Trading LLC acquired a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned 0.24% of Sypris Solutions at the end of the most recent quarter. 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.