Sypris Solutions Inc. (SYPR) Announces Quarterly Earnings Results
Sypris Solutions Inc. (NASDAQ:SYPR) posted its earnings results on Wednesday. The company reported $1.02 EPS for the quarter, beating the consensus estimate of ($0.25) by $1.27. The firm earned $21.40 million during the quarter, compared to the consensus estimate of $21.85 million. Sypris Solutions had a negative return on equity of 90.72% and a negative net margin of 13.62%.
Sypris Solutions (NASDAQ:SYPR) opened at 1.02 on Friday. The company’s market capitalization is $20.14 million. Sypris Solutions has a 52-week low of $0.64 and a 52-week high of $2.25. The firm has a 50-day moving average price of $0.99 and a 200 day moving average price of $0.98.
In related news, Director Gary L. Convis purchased 120,000 shares of Sypris Solutions stock in a transaction dated Monday, August 22nd. The stock was bought at an average cost of $1.15 per share, for a total transaction of $138,000.00. Following the completion of the transaction, the director now owns 100,450 shares in the company, valued at $115,517.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 49.80% of the stock is owned by company insiders.
About Sypris Solutions
Sypris Solutions, Inc (Sypris) is a provider of outsourced services and specialty products. The Company offers a range of manufacturing, engineering, design and other technical services. The Company operates through two segments: Sypris Technologies and Sypris Electronics. Sypris Technologies segment, which consists of Sypris Technologies, Inc and its subsidiaries, is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets.
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