Synalloy (NASDAQ:SYNL) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.13 earnings per share for the quarter, Morningstar.com reports. Synalloy had a negative net margin of 0.59% and a positive return on equity of 1.85%. During the same period in the previous year, the firm posted ($0.11) earnings per share.
Synalloy (NASDAQ:SYNL) opened at $14.25 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 3.18 and a debt-to-equity ratio of 0.30. Synalloy has a 1 year low of $10.30 and a 1 year high of $15.50. The firm has a market cap of $121.76, a P/E ratio of 73.42 and a beta of 0.16.
In related news, insider Privet Fund Management Llc acquired 11,087 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $12.81 per share, for a total transaction of $142,024.47. Following the transaction, the insider now directly owns 31,000 shares of the company’s stock, valued at approximately $397,110. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.60% of the company’s stock.
Synalloy 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.
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