Synalloy (NASDAQ:SYNL) issued its earnings results on Tuesday. The industrial products company reported $0.13 EPS for the quarter, Morningstar.com reports. Synalloy had a negative net margin of 0.59% and a positive return on equity of 1.85%. During the same quarter in the previous year, the business posted ($0.11) earnings per share.
Shares of Synalloy (SYNL) opened at $14.25 on Wednesday. The company has a market cap of $121.76, a price-to-earnings ratio of 73.42 and a beta of 0.16. Synalloy has a 1 year low of $10.30 and a 1 year high of $15.50. The company has a current ratio of 3.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.
In other Synalloy news, insider Privet Fund Management Llc bought 11,087 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of $12.81 per share, for a total transaction of $142,024.47. Following the transaction, the insider now owns 31,000 shares of the company’s stock, valued at approximately $397,110. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.60% of the company’s stock.
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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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