Somewhat Positive News Coverage Somewhat Unlikely to Impact Synalloy (SYNL) Share Price
News stories about Synalloy (NASDAQ:SYNL) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring 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 nearest to one being the most favorable. Synalloy earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.10254324374 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Synalloy (SYNL) opened at $12.80 on Tuesday. Synalloy has a 52-week low of $9.75 and a 52-week high of $15.30. The stock has a market cap of $113.47, a PE ratio of 68.42 and a beta of 0.14. 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 (NASDAQ:SYNL) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter. Synalloy had a negative net margin of 0.59% and a positive return on equity of 1.85%. The firm had revenue of $54.60 million for the quarter.
The company also recently disclosed an annual dividend, which was paid on Monday, November 6th. Shareholders of record on Wednesday, October 25th were given a $0.13 dividend. This represents a dividend yield of 0.94%. The ex-dividend date was Tuesday, October 24th. Synalloy’s payout ratio is -100.00%.
In other news, insider Privet Fund Management Llc acquired 16,104 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average price of $11.90 per share, for a total transaction of $191,637.60. Following the completion of the transaction, the insider now owns 49,086 shares of the company’s stock, valued at $584,123.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.60% of the stock is currently owned by insiders.
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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