Sypris Solutions (NASDAQ:SYPR) Posts Earnings Results, Misses Expectations By $0.15 EPS

Sypris Solutions (NASDAQ:SYPR) announced its earnings results on Thursday. The auto parts company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.15), FiscalAI reports. The firm had revenue of $30.28 million during the quarter, compared to analyst estimates of $21.70 million. Sypris Solutions had a negative net margin of 5.29% and a negative return on equity of 33.01%.

Sypris Solutions Stock Performance

Shares of SYPR stock opened at $2.84 on Friday. The stock’s 50-day moving average price is $3.31 and its 200 day moving average price is $2.61. The company has a quick ratio of 0.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $65.41 million, a PE ratio of -10.14 and a beta of 0.75. Sypris Solutions has a 52-week low of $1.51 and a 52-week high of $4.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Jane Street Group LLC purchased a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned about 0.05% of Sypris Solutions at the end of the most recent reporting period. 44.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sypris Solutions has a consensus rating of “Sell”.

Sypris Solutions Company Profile

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.