News stories about Synalloy (NASDAQ:SYNL) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synalloy earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.5444550209516 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of SYNL stock traded up $0.65 during trading hours on Monday, hitting $21.00. The company’s stock had a trading volume of 318 shares, compared to its average volume of 27,685. The company has a market capitalization of $178.21 million, a P/E ratio of 21.65 and a beta of 0.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.34 and a quick ratio of 1.11. Synalloy has a 12-month low of $10.30 and a 12-month high of $20.60.
Synalloy (NASDAQ:SYNL) last released its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.48 EPS for the quarter. Synalloy had a net margin of 2.06% and a return on equity of 9.11%. The business had revenue of $58.48 million for the quarter.
In related news, Director Murray H. Wright sold 10,000 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 6,313 shares in the company, valued at approximately $126,260. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Henry L. Guy bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The stock was purchased at an average price of $19.89 per share, with a total value of $99,450.00. Following the completion of the purchase, the director now owns 38,514 shares in the company, valued at $766,043.46. The disclosure for this purchase can be found here. Insiders own 7.57% of the company’s stock.
Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally. The company operates in two segments, Metals and Specialty Chemicals. The Metals segment manufactures and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.
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