Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200-Day Moving Average – Here’s Why

Sypris Solutions, Inc. (NASDAQ:SYPR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.01 and traded as high as $2.05. Sypris Solutions shares last traded at $2.00, with a volume of 12,248 shares trading hands.

Analysts Set New Price Targets

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

Sypris Solutions Stock Performance

The stock’s fifty day simple moving average is $2.14 and its 200-day simple moving average is $2.01. The company has a quick ratio of 0.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $46.06 million, a PE ratio of -20.00 and a beta of 0.92.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings results on Wednesday, November 12th. The auto parts company reported $0.02 earnings per share for the quarter. Sypris Solutions had a negative return on equity of 12.86% and a negative net margin of 1.86%.The business had revenue of $28.67 million for the quarter.

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.