Synalloy (SYNL) Receiving Somewhat Favorable Media Coverage, Study Shows

Media headlines about Synalloy (NASDAQ:SYNL) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synalloy earned a news impact score of 0.11 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.1098859575892 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Synalloy (NASDAQ:SYNL) opened at $13.50 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 3.18. Synalloy has a 12 month low of $9.75 and a 12 month high of $15.30. The company has a market cap of $115.22, a P/E ratio of -103.85 and a beta of 0.14.

Synalloy (NASDAQ:SYNL) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.10 EPS for the quarter. Synalloy had a negative net margin of 0.59% and a positive return on equity of 1.85%. The business had revenue of $54.60 million during the quarter.

In other Synalloy news, insider Privet Fund Management Llc acquired 16,104 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of $11.90 per share, for a total transaction of $191,637.60. Following the purchase, the insider now owns 49,086 shares in the company, valued at approximately $584,123.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.60% of the company’s stock.

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About Synalloy

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.

Insider Buying and Selling by Quarter for Synalloy (NASDAQ:SYNL)

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