Revenue Update on Sypris Solutions(NASDAQ:SYPR)

Sypris Solutions(NASDAQ:SYPR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.23.

Sypris Solutions (SYPR) shares turned negative on Fridays trading session with the shares closing down -0.0023 points or -0.26% at a volume of 627. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.8777. The peak price level was also seen at $0.8777 while the days lowest was $0.8777. Finally the shares closed at $0.8777. The 52-week high of the shares is $1.49 while the 52-week low is $0.75. According to the latest information available, the market cap of the company is $19 M.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, William G Ferko (director) purchased 10,000 shares at $1.04 per share price.Also, On Aug 24, 2016, Gary L Convis (director) purchased 120,000 shares at $1.12 per share price.

Sypris Solutions Inc. (Sypris) is a provider of outsourced services and specialty products. The Company offers a range of manufacturing engineering design and other technical services. It operates through two segments: the Industrial Group and the Electronics Group. The Industrial Group which consists of Sypris Technologies Inc. and its subsidiaries engages in sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets. The Electronics Group which consists of Sypris Electronics LLC and its subsidiary engages in sale of manufacturing services technical services and products to customers in the market for aerospace and defense electronics. It also offers products including light weight axle components digital and analog data systems and encryption devices used in military applications cyber security training and identity authentication solutions among others.

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