Equities research analysts at StockNews.com assumed coverage on shares of Sypris Solutions (NASDAQ:SYPR – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the auto parts company’s stock.
Sypris Solutions Price Performance
NASDAQ SYPR opened at $2.09 on Thursday. The business’s fifty day moving average is $1.99 and its 200 day moving average is $2.02. Sypris Solutions has a fifty-two week low of $1.71 and a fifty-two week high of $2.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 1.43. The company has a market capitalization of $46.40 million, a PE ratio of -19.00 and a beta of 1.26.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its stake in Sypris Solutions by 8.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,507,259 shares of the auto parts company’s stock worth $7,184,000 after acquiring an additional 287,916 shares during the period. Vanguard Group Inc. raised its position in shares of Sypris Solutions by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock valued at $1,294,000 after purchasing an additional 26,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Sypris Solutions by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 74,870 shares of the auto parts company’s stock valued at $151,000 after purchasing an additional 13,389 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Sypris Solutions during the 1st quarter valued at $53,000. 22.21% of the stock is currently 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.
Further Reading
- Get a free copy of the StockNews.com research report on Sypris Solutions (SYPR)
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