Sypris Solutions (NASDAQ:SYPR) Issues Earnings Results, Misses Expectations By $0.15 EPS

Sypris Solutions (NASDAQ:SYPR) issued its quarterly earnings results on Tuesday. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.15), FiscalAI reports. The firm had revenue of $30.34 million for the quarter, compared to the consensus estimate of $24.80 million. Sypris Solutions had a negative net margin of 8.23% and a negative return on equity of 54.45%.

Sypris Solutions Stock Down 1.0%

Shares of SYPR opened at $2.04 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.39 and a current ratio of 1.20. Sypris Solutions has a 52 week low of $1.78 and a 52 week high of $4.74. The firm has a market capitalization of $46.94 million, a price-to-earnings ratio of -4.86 and a beta of 0.92. The business’s fifty day moving average price is $2.18 and its two-hundred day moving average price is $2.88.

Institutional Investors Weigh In On Sypris Solutions

A hedge fund recently bought a new position in Sypris Solutions stock. Jane Street Group LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned about 0.05% of Sypris Solutions at the end of the most recent reporting period. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sypris Solutions presently has an average rating of “Sell”.

About Sypris Solutions

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.