Sypris Solutions Inc. (SYPR) has been a solid gainer for NYSE and NASDAQ listed companies trading in the consumer goods sector in morning action on September 22. At the lunch break, shares of SYPR have risen 7.07% to $1.06 after closing the day prior at $0.99. In the first two and a half hours of trading, the stock has gone as high as $1.06 and as low as $1.0. Today’s rise has come with about 2,768 shares changing hands, compared to an average 30-day volume of 93,189 for Sypris Solutions Inc.. The price is currently below the 30-day volume weighted average price of $1.03 for SYPR.
The share appreciation gives the company a market capitalization of $21.09 million based upon 21.31 million shares outstanding. It also means that SYPR has a price-to-book ratio of 2.24:1.
In the past 52 weeks, shares of SYPR have traded as low as $0.64 and as high as $2.7399. Technical traders will take note that at $1.06, shares of SYPR are trading above their 200-day MA at $0.98 and above their 50-day MA at $0.98. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is SYPR?
Sypris Solutions Inc is a provider of outsourced services and specialty products. It is a supplier of forged and machined components, serving the commercial vehicle, off highway vehicle. It also provides Information Security Solutions. The company’s 735 employees are led by CEO Jeffrey T. Gill from the corporate headquarters at 101 Bullitt Lane in Louisville, KY.
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