StockNews.com initiated coverage on shares of Sypris Solutions (NASDAQ:SYPR – Free Report) in a report issued on Wednesday morning. The firm issued a hold rating on the auto parts company’s stock.
Separately, TheStreet downgraded shares of Sypris Solutions from a c- rating to a d+ rating in a research report on Tuesday, February 20th.
Check Out Our Latest Stock Analysis on Sypris Solutions
Sypris Solutions Price Performance
Sypris Solutions (NASDAQ:SYPR – Get Free Report) last announced its earnings results on Monday, April 1st. The auto parts company reported ($0.05) EPS for the quarter. The company had revenue of $34.74 million for the quarter. Sypris Solutions had a negative return on equity of 7.32% and a negative net margin of 1.17%.
Hedge Funds Weigh In On Sypris Solutions
Several hedge funds and other institutional investors have recently bought and sold shares of SYPR. Dynamic Advisor Solutions LLC grew its holdings in Sypris Solutions by 3.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,309,154 shares of the auto parts company’s stock worth $6,852,000 after acquiring an additional 134,802 shares during the period. Barlow Wealth Partners Inc. bought a new stake in shares of Sypris Solutions during the 4th quarter valued at about $51,000. Finally, Williams & Novak LLC acquired a new stake in Sypris Solutions during the fourth quarter worth approximately $8,471,000. Institutional investors and hedge funds own 44.66% of the company’s stock.
Sypris Solutions Company Profile
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.
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