Sypris Solutions (NASDAQ:SYPR) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Sypris Solutions stock has crossed above its 200-day moving average of $1.86, peaking at $2.38 during trading, which indicates a potential bullish trend.
• The company reported a financial loss with an EPS of ($0.09) and a negative net margin of 1.86% for the last quarter.
• Sypris Solutions operates in the truck and energy component space, providing parts for heavy commercial vehicles and energy pipelines through its Sypris Technologies segment.

Sypris Solutions, Inc. (NASDAQ:SYPR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.86 and traded as high as $2.38. Sypris Solutions shares last traded at $2.33, with a volume of 71,269 shares.

Sypris Solutions Stock Down 4.7%

The company has a current ratio of 1.38, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $51.36 million, a P/E ratio of -22.30 and a beta of 0.90. The firm's 50 day moving average price is $2.02 and its two-hundred day moving average price is $1.87.

Sypris Solutions (NASDAQ:SYPR - Get Free Report) last released its earnings results on Tuesday, August 12th. The auto parts company reported ($0.09) earnings per share for the quarter. Sypris Solutions had a negative net margin of 1.86% and a negative return on equity of 12.86%. The business had revenue of $31.43 million during 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.