Sypris Solutions (NASDAQ:SYPR) Posts Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Sypris Solutions (NASDAQ:SYPR) posted its quarterly earnings data on Tuesday. The auto parts company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17), FiscalAI reports. The company had revenue of $25.81 million for the quarter, compared to analyst estimates 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 Trading Down 5.0%

Shares of SYPR stock opened at $2.65 on Wednesday. The firm’s 50-day simple moving average is $3.28 and its 200-day simple moving average is $2.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.28 and a quick ratio of 0.44. Sypris Solutions has a 1-year low of $1.58 and a 1-year high of $4.74. The firm has a market cap of $61.03 million, a P/E ratio of -9.46 and a beta of 0.87.

Hedge Funds Weigh In On Sypris Solutions

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) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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.

Analysts Set New Price Targets

SYPR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.