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

Shares of Sypris Solutions, Inc. (NASDAQ:SYPR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.51 and traded as high as $3.74. Sypris Solutions shares last traded at $3.66, with a volume of 88,775 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SYPR shares. Wall Street Zen raised Sypris Solutions to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sypris Solutions Price Performance

The company has a 50 day simple moving average of $3.22 and a 200 day simple moving average of $2.52. The company has a market capitalization of $74.16 million, a price-to-earnings ratio of -32.20 and a beta of 0.75. The company has a quick ratio of 0.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sypris Solutions stock. Jane Street Group LLC acquired a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned 0.05% of Sypris Solutions as of its most recent SEC filing. Institutional investors and hedge funds 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.