Synalloy (SYNL) Receives Daily News Sentiment Rating of 0.13

News coverage about Synalloy (NASDAQ:SYNL) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synalloy earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.6406428915436 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Synalloy (NASDAQ:SYNL) opened at $13.40 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.18 and a quick ratio of 1.14. Synalloy has a 12-month low of $9.75 and a 12-month high of $15.30. The stock has a market cap of $116.96, a P/E ratio of -103.08 and a beta of 0.16.

In other Synalloy news, insider Privet Fund Management Llc purchased 11,087 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of $12.81 per share, for a total transaction of $142,024.47. Following the transaction, the insider now owns 31,000 shares in the company, valued at approximately $397,110. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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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