Sypris Solutions Inc. (SYPR) was one of the weakest stocks in the consumer goods sector of NYSE and NASDAQ listed companies on April 21, skidding 3.67% to close the day at $1.05 after closing the day prior at $1.09. Throughout the day, shares of SYPR traded as high as $1.08 and as low as $1.05. Today’s decline came with about 22,625 shares changing hands, compared to an average 30-day volume of 36,137 for Sypris Solutions Inc.. The price is currently below the 30-day volume weighted average price of $1.05 for SYPR.
The share depreciation gives the company a market capitalization of $23.25 million based upon 21.33 million shares outstanding. It also means that SYPR has a price-to-book ratio of 0.89:1.
In the past 52 weeks, shares of SYPR have traded as low as $0.75 and as high as $1.49. Technical traders will take note that at $1.05, shares of SYPR are trading above their 200-day MA at $0.96 and above their 50-day MA at $0.94. 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 below them is typically regarded as bearish.
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 604 employees are led by CEO Jeffrey T. Gill from the corporate headquarters at 101 Bullitt Lane in Louisville, KY.
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