Sypris Solutions (NASDAQ:SYPR) Trading 11.8% Higher Following Strong Earnings

Sypris Solutions, Inc. (NASDAQ:SYPR) shares traded up 11.8% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $1.52 and last traded at $1.04, 383,500 shares were traded during mid-day trading. An increase of 2,725% from the average session volume of 13,577 shares. The stock had previously closed at $0.93.

The auto parts company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. The firm had revenue of $24.44 million for the quarter. Sypris Solutions had a negative return on equity of 36.94% and a negative net margin of 4.58%.

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.50 and a quick ratio of 0.74. The stock has a 50 day moving average price of $0.87 and a 200-day moving average price of $0.96.

Sypris Solutions Company Profile (NASDAQ:SYPR)

Sypris Solutions, Inc provides truck components, oil and gas pipeline components, and aerospace and defense electronics in the United States and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets.

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