Synalloy Corporation (SYNL) Earning Somewhat Favorable News Coverage, Report Finds
Media coverage about Synalloy Corporation (NASDAQ:SYNL) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synalloy Corporation earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.2234384196652 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Synalloy Corporation (SYNL) traded up 1.34% during midday trading on Friday, hitting $11.35. 11,696 shares of the stock were exchanged. Synalloy Corporation has a 1-year low of $6.90 and a 1-year high of $13.75. The firm’s 50 day moving average is $11.06 and its 200-day moving average is $11.57. The stock’s market capitalization is $98.93 million.
Synalloy Corporation (NASDAQ:SYNL) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.23 EPS for the quarter. Synalloy Corporation had a negative net margin of 1.54% and a positive return on equity of 0.64%. The company had revenue of $51.51 million for the quarter. On average, 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 purchased 2,811 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $11.10 per share, with a total value of $31,202.10. Following the acquisition, the chief executive officer now directly owns 178,013 shares in the company, valued at approximately $1,975,944.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Craig C. Bram purchased 7,061 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost 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 in the company, valued at $1,927,373.68. The disclosure for this purchase can be found here. Insiders have purchased a total of 31,060 shares of company stock worth $343,125 over the last three months. 10.60% of the stock is currently owned by insiders.
About Synalloy Corporation
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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