Synalloy (NASDAQ:SYNL) announced its earnings results on Tuesday. The industrial products company reported $0.13 EPS for the quarter, Morningstar.com reports. Synalloy had a positive return on equity of 1.85% and a negative net margin of 0.59%. During the same quarter in the previous year, the company earned ($0.11) earnings per share.
Shares of Synalloy (SYNL) traded up $1.00 during trading on Tuesday, hitting $14.95. The company’s stock had a trading volume of 64,373 shares, compared to its average volume of 6,587. Synalloy has a fifty-two week low of $10.30 and a fifty-two week high of $15.50. The company has a quick ratio of 1.14, a current ratio of 3.18 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $117.83, a PE ratio of -116.92 and a beta of 0.16.
In related news, insider Privet Fund Management Llc purchased 11,087 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $12.81 per share, with a total value of $142,024.47. Following the completion of the acquisition, the insider now owns 31,000 shares in the company, valued at $397,110. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by company insiders.
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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