Sypris Solutions (NASDAQ:SYPR) Releases Quarterly Earnings Results

Sypris Solutions (NASDAQ:SYPR) posted its quarterly earnings results on Tuesday. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.17), FiscalAI reports. The company had revenue of $25.81 million during the quarter, compared to the consensus estimate of $22.70 million. Sypris Solutions had a negative net margin of 5.29% and a negative return on equity of 33.62%.

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $2.79 on Tuesday. The company’s fifty day moving average is $3.30 and its two-hundred day moving average is $2.89. The company has a quick ratio of 0.44, a current ratio of 1.28 and a debt-to-equity ratio of 0.90. Sypris Solutions has a 12-month low of $1.58 and a 12-month high of $4.74. The company has a market cap of $64.25 million, a P/E ratio of -9.96 and a beta of 0.87.

Institutional Trading of Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. XTX Topco Ltd bought a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. Institutional investors own 44.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SYPR. Wall Street Zen cut Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Sypris Solutions

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.