Sypris Solutions (NASDAQ:SYPR – Get Free Report) posted its quarterly earnings results on Tuesday. The auto parts company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.15), FiscalAI reports. The business had revenue of $30.34 million during the quarter, compared to analyst estimates of $24.80 million. Sypris Solutions had a negative net margin of 9.23% and a negative return on equity of 61.80%.
Sypris Solutions Stock Down 5.4%
Shares of NASDAQ SYPR opened at $1.76 on Thursday. The stock has a market cap of $40.50 million, a PE ratio of -3.74 and a beta of 0.92. Sypris Solutions has a 52-week low of $1.72 and a 52-week high of $4.74. The business has a 50-day moving average price of $2.15 and a 200 day moving average price of $2.86. The company has a quick ratio of 0.39, a current ratio of 1.20 and a debt-to-equity ratio of 1.07.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Sypris Solutions stock. XTX Topco Ltd purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.
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.
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