Sypris Solutions, Inc. (SYPR) stock is higher by 13.14% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SYPR Stock Today?
Sypris Solutions, Inc. (SYPR) stock is up 13.07% while the S&P 500 is down -0.02% as of 2:17 PM on Friday, Feb 19. SYPR has gained $0.41 from the previous closing price of $3.12 on volume of 1,708,611 shares. Over the past year the S&P 500 is higher by 15.56% while SYPR has gained 242.72%. SYPR earned $0.09 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 37.32.
To see the top 5 stocks in the Auto Parts industry click here.
More About Sypris Solutions, Inc.
Sypris Solutions Inc is a US based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the 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 whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
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