Synalloy (NASDAQ:SYNL) released its quarterly earnings results on Tuesday. The industrial products company reported $0.13 earnings per share for the quarter, Morningstar.com reports. Synalloy had a net margin of 0.68% and a return on equity of 4.72%. The business had revenue of $52.84 million for the quarter. During the same quarter last year, the firm posted ($0.11) earnings per share.
Synalloy (NASDAQ:SYNL) opened at $14.65 on Thursday. Synalloy has a twelve month low of $10.30 and a twelve month high of $15.50. The firm has a market cap of $124.79, a PE ratio of 29.08 and a beta of 0.16. 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 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 shares were acquired at an average cost of $12.81 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.60% of the stock is currently owned by insiders.
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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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