Sypris Solutions (NASDAQ:SYPR) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Sypris Solutions shares have crossed above their 200-day moving average, reaching a high of $2.42 during trading, with the last recorded price at $2.37.
• Weiss Ratings has issued a "sell (d-)" rating for Sypris Solutions, contributing to an overall average rating of "sell" from analysts.
• For the last quarter, Sypris Solutions reported a revenue of $31.43 million but had a negative earnings per share of ($0.09) and a negative net margin of 1.86%.

Sypris Solutions, Inc. (NASDAQ:SYPR - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.92 and traded as high as $2.42. Sypris Solutions shares last traded at $2.37, with a volume of 48,889 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Sypris Solutions in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sypris Solutions presently has an average rating of "Sell".

Sypris Solutions Price Performance

The firm has a market cap of $54.58 million, a price-to-earnings ratio of -23.70 and a beta of 0.92. The company's fifty day moving average is $2.06 and its 200 day moving average is $1.92. The company has a quick ratio of 0.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.

Sypris Solutions (NASDAQ:SYPR - Get Free Report) last announced its quarterly earnings data 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 company 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.

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