Positive Media Coverage Somewhat Unlikely to Impact Synalloy Corporation (SYNL) Stock Price

Press coverage about Synalloy Corporation (NASDAQ:SYNL) has trended positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synalloy Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 44.8068162235381 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Separately, TheStreet upgraded Synalloy Corporation from a “d+” rating to a “c” rating in a report on Thursday, April 13th.

Shares of Synalloy Corporation (NASDAQ SYNL) opened at 10.95 on Friday. The firm’s market cap is $95.02 million. The stock has a 50 day moving average price of $11.15 and a 200 day moving average price of $11.64. Synalloy Corporation has a one year low of $6.56 and a one year high of $13.75.

Synalloy Corporation (NASDAQ:SYNL) last released its earnings results on Tuesday, May 9th. The industrial products company reported $0.03 EPS for the quarter. The company had revenue of $42.20 million during the quarter. Synalloy Corporation had a negative return on equity of 1.56% and a negative net margin of 3.45%. During the same period last year, the business posted $0.02 earnings per share. On average, equities research analysts forecast that Synalloy Corporation will post $0.05 EPS for the current year.

In related news, insider Fund Lp Privet acquired 19,280 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was acquired at an average cost of $11.12 per share, with a total value of $214,393.60. Following the completion of the purchase, the insider now directly owns 49,086 shares in the company, valued at $545,836.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.60% of the stock is currently owned by company insiders.

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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.