Sypris Solutions (NASDAQ:SYPR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Sypris Solutions, Inc. (NASDAQ:SYPR – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.08 and traded as high as $2.21. Sypris Solutions shares last traded at $2.18, with a volume of 10,946 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sypris Solutions has an average rating of “Sell”.

Read Our Latest Analysis on Sypris Solutions

Sypris Solutions Stock Performance

The firm’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $2.09. The company has a market capitalization of $51.59 million, a price-to-earnings ratio of -22.40 and a beta of 0.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.50 and a current ratio of 1.54.

Sypris Solutions (NASDAQ:SYPR – Get Free Report) last issued its earnings results on Wednesday, November 12th. The auto parts company reported $0.02 EPS for the quarter. The business had revenue of $28.67 million during the quarter. Sypris Solutions had a negative return on equity of 11.91% and a negative net margin of 1.87%.

Sypris Solutions Company Profile

(Get Free Report)

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.

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