Somewhat Positive News Coverage Somewhat Unlikely to Affect Synalloy Corporation (SYNL) Stock Price

News stories about Synalloy Corporation (NASDAQ:SYNL) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synalloy Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.9831150088267 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Synalloy Corporation (NASDAQ SYNL) opened at $13.50 on Tuesday. The stock has a market capitalization of $119.14, a price-to-earnings ratio of 71.84 and a beta of 0.18. 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 Corporation has a one year low of $9.65 and a one year high of $15.30.

Synalloy Corporation (NASDAQ:SYNL) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $54.60 million for the quarter. Synalloy Corporation had a positive return on equity of 1.85% and a negative net margin of 0.59%.

The company also recently announced an annual dividend, which was paid on Monday, November 6th. Shareholders of record on Wednesday, October 25th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 24th. This represents a dividend yield of 0.94%. Synalloy Corporation’s payout ratio is presently -100.00%.

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In other news, Director Murray H. Wright bought 8,092 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of $11.15 per share, for a total transaction of $90,225.80. Following the completion of the purchase, the director now directly owns 6,313 shares in the company, valued at approximately $70,389.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Craig C. Bram bought 2,811 shares of the stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $11.10 per share, for a total transaction of $31,202.10. Following the completion of the purchase, the chief executive officer now owns 178,013 shares of the company’s stock, valued at $1,975,944.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 52,951 shares of company stock worth $616,058. Corporate insiders own 10.60% of the company’s stock.

Synalloy Corporation 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.

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

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