Synalloy (SYNL) Getting Somewhat Positive Press Coverage, Analysis Finds
News articles about Synalloy (NASDAQ:SYNL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Synalloy earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.9790914809357 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Synalloy (NASDAQ:SYNL) opened at $12.85 on Thursday. Synalloy has a 52-week low of $9.75 and a 52-week high of $15.30. The firm has a market capitalization of $112.60, a price-to-earnings ratio of 67.89 and a beta of 0.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.18 and a quick ratio of 1.14.
Synalloy (NASDAQ:SYNL) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.10 earnings per share for the quarter. Synalloy had a positive return on equity of 1.85% and a negative net margin of 0.59%. The business had revenue of $54.60 million during the quarter.
In related news, insider Privet Fund Management Llc acquired 22,036 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average price of $11.80 per share, with a total value of $260,024.80. Following the completion of the purchase, the insider now directly owns 49,086 shares in the company, valued at $579,214.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. 10.60% of the stock is owned by company insiders.
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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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