Media stories about Synalloy Corporation (NASDAQ:SYNL) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synalloy Corporation earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.0868571963545 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Synalloy Corporation (NASDAQ SYNL) traded up 0.45% during mid-day trading on Wednesday, hitting $11.15. 3,475 shares of the stock were exchanged. Synalloy Corporation has a 52-week low of $6.56 and a 52-week high of $13.75. The firm’s market cap is $96.76 million. The stock has a 50-day moving average price of $11.12 and a 200 day moving average price of $11.65.
Synalloy Corporation (NASDAQ:SYNL) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.03 EPS for the quarter. The firm had revenue of $42.20 million during the quarter. Synalloy Corporation had a negative net margin of 3.45% and a negative return on equity of 1.56%. During the same period in the previous year, the business earned $0.02 earnings per share. On average, equities research analysts expect that Synalloy Corporation will post $0.05 earnings per share for the current year.
Separately, TheStreet upgraded shares of Synalloy Corporation from a “d+” rating to a “c” rating in a research note on Thursday, April 13th.
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 purchased at an average cost of $11.12 per share, with a total value of $214,393.60. Following the transaction, the insider now directly owns 49,086 shares of the company’s stock, valued at approximately $545,836.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.60% of the company’s stock.
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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