Sypris Stock Soars (SYPR)

NEW YORK ( TheStreet) -- Shares of Sypris Solutions (Nasdaq: SYPR) have taken a tremendous swing upward. The stock is trading at $4.86 as of 9:35 a.m. ET, 23% above Monday's closing price of $3.95. Volume is at 27,049, 1.9 times the daily average of 14,100.

Sypris has a market cap of $79.2 million and is part of the technology sector and electronics industry. Shares are up 0.8% year to date as of the close of trading on Monday.

Sypris Solutions, Inc. provides of outsourced services and specialty products primarily in North America and Mexico. The company has a P/E ratio of 9.3, below the average electronics industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sypris as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Sypris Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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