Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Sypris Solutions, Inc. (NASDAQ:SYPR) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.70 and traded as high as $2.40. Sypris Solutions shares last traded at $2.34, with a volume of 69,353 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Sypris Solutions in a research report on Thursday. They issued a “hold” rating for the company.

Sypris Solutions Trading Down 1.3 %

The company has a market cap of $53.18 million, a price-to-earnings ratio of -17.77 and a beta of 1.07. The firm has a 50-day moving average price of $1.97 and a 200 day moving average price of $1.70. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45.

Sypris Solutions (NASDAQ:SYPR) last issued its earnings results on Tuesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. The company had revenue of $35.66 million during the quarter. Sypris Solutions had a negative return on equity of 14.38% and a negative net margin of 2.05%.

Institutional Trading of Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Belvedere Trading LLC bought a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 55,396 shares of the auto parts company’s stock, valued at approximately $99,000. Belvedere Trading LLC owned approximately 0.24% of Sypris Solutions at the end of the most recent reporting period. Institutional investors and hedge funds own 44.66% of the company’s stock.

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.