Benzinga | Sep 25, 2020 10:45AM EDT

Why Sypris Solutions Stock Is Trading Higher Today

Sypris Solutions (NASDAQ:SYPR) shares are trading higher on Friday after the company announced that it won multiple defense contracts.

Sypris Solutions is a U.S-.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 Solutions shares were trading up 34.61% at $1.28 on Friday. The stock has a 52-week high of $2.14 and a 52-week low of 54 cents.