News articles about Synalloy Corporation (NASDAQ:SYNL) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synalloy Corporation earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 44.8175325682825 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Synalloy Corporation (NASDAQ SYNL) traded up 0.8235% during mid-day trading on Tuesday, hitting $11.5947. 5,941 shares of the stock traded hands. Synalloy Corporation has a one year low of $8.56 and a one year high of $13.75. The stock has a 50 day moving average price of $11.13 and a 200-day moving average price of $11.55. The company’s market cap is $101.06 million.
Synalloy Corporation (NASDAQ:SYNL) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. Synalloy Corporation had a positive return on equity of 0.64% and a negative net margin of 1.54%. The business had revenue of $51.51 million during the quarter. On average, analysts forecast that Synalloy Corporation will post $0.05 earnings per share for the current fiscal year.
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In other news, CEO Craig C. Bram bought 7,061 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price 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 of the company’s stock, valued at $1,927,373.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Murray H. Wright bought 8,092 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $11.15 per share, with a total value of $90,225.80. Following the acquisition, the director now directly owns 6,313 shares in the company, valued at approximately $70,389.95. The disclosure for this purchase can be found here. Insiders have bought a total of 21,872 shares of company stock valued at $240,937 in the last quarter. 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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