Somewhat Negative Media Coverage Somewhat Likely to Affect Synalloy Corporation (SYNL) Stock Price

News headlines about Synalloy Corporation (NASDAQ:SYNL) have been trending somewhat negative this week, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synalloy Corporation earned a media sentiment score of -0.12 on Alpha One’s scale. Alpha One also assigned news headlines about the industrial products company an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the near term.

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

Synalloy Corporation (NASDAQ:SYNL) opened at 11.10 on Tuesday. The firm’s market capitalization is $96.33 million. The company’s 50-day moving average price is $12.02 and its 200-day moving average price is $11.63. Synalloy Corporation has a 12-month low of $6.56 and a 12-month high of $13.75.

Synalloy Corporation (NASDAQ:SYNL) last issued its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Synalloy Corporation had a negative return on equity of 1.56% and a negative net margin of 3.45%. The business had revenue of $42.20 million for the quarter. During the same period last year, the company earned $0.02 EPS. Equities analysts expect that Synalloy Corporation will post $0.05 EPS for the current fiscal year.

Separately, TheStreet raised Synalloy Corporation from a “d+” rating to a “c” rating in a report on Thursday, April 13th.

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In other news, insider Privet Fund Management Llc purchased 24,800 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were acquired at an average price of $12.40 per share, with a total value of $307,520.00. Following the completion of the purchase, the insider now directly owns 17,000 shares of the company’s stock, valued at approximately $210,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Fund Lp Privet acquired 55,735 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was bought at an average price of $12.31 per share, with a total value of $686,097.85. Following the acquisition, the insider now directly owns 42,086 shares of the company’s stock, valued at approximately $518,078.66. The disclosure for this purchase can be found here. Insiders have bought 166,733 shares of company stock worth $2,063,993 in the last ninety days. 10.60% of the stock is currently owned by insiders.

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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