Synalloy Corporation (SYNL) Given News Impact Rating of 0.02
News stories about Synalloy Corporation (NASDAQ:SYNL) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synalloy Corporation earned a news impact score of 0.02 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 44.8108620836866 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Synalloy Corporation (NASDAQ SYNL) traded up 1.97% on Wednesday, reaching $10.86. The company had a trading volume of 6,478 shares. The company’s 50 day moving average price is $11.07 and its 200-day moving average price is $11.52. The stock’s market capitalization is $94.66 million. Synalloy Corporation has a 1-year low of $8.25 and a 1-year high of $13.75.
Synalloy Corporation (NASDAQ:SYNL) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $0.23 earnings per share for the quarter. Synalloy Corporation had a negative net margin of 1.54% and a positive return on equity of 0.64%. The firm had revenue of $51.51 million during the quarter. Equities analysts predict that Synalloy Corporation will post $0.05 EPS for the current year.
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In related news, CEO Craig C. Bram bought 7,061 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $10.84 per share, for a total transaction of $76,541.24. Following the acquisition, the chief executive officer now owns 177,802 shares of the company’s stock, valued at $1,927,373.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Murray H. Wright bought 8,092 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $11.15 per share, with a total value of $90,225.80. Following the acquisition, the director now directly owns 6,313 shares in the company, valued at approximately $70,389.95. The disclosure for this purchase can be found here. Insiders purchased a total of 41,152 shares of company stock valued at $455,331 in the last quarter. 10.60% of the stock is owned by insiders.
Synalloy Corporation Company Profile
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc, which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc (Specialty), located in Mineral Ridge, Ohio and Houston, Texas.
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