Somewhat Positive Press Coverage Somewhat Unlikely to Affect Synalloy (SYNL) Share Price
Media stories about Synalloy (NASDAQ:SYNL) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synalloy earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.518668951657 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Synalloy (NASDAQ SYNL) opened at $12.95 on Friday. Synalloy has a fifty-two week low of $9.75 and a fifty-two week high of $15.30. The firm has a market cap of $112.16, a PE ratio of 67.63 and a beta of 0.14. The company has a quick ratio of 1.14, a current ratio of 3.18 and a debt-to-equity ratio of 0.30.
Synalloy (NASDAQ:SYNL) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.10 EPS for the quarter. Synalloy had a negative net margin of 0.59% and a positive return on equity of 1.85%. The company had revenue of $54.60 million for the quarter.
In other Synalloy news, insider Privet Fund Management Llc bought 22,036 shares of the stock in a transaction dated Monday, September 25th. The shares were bought at an average cost of $11.80 per share, with a total value of $260,024.80. Following the completion of the acquisition, the insider now owns 49,086 shares of the company’s stock, valued at $579,214.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.60% of the stock is currently owned by company insiders.
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Synalloy 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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