Synalloy (NASDAQ:SYNL) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $77.79 million for the quarter. Synalloy had a net margin of 3.08% and a return on equity of 13.49%. Synalloy updated its FY 2018 guidance to EPS.
NASDAQ SYNL traded down $0.86 on Wednesday, hitting $17.70. The stock had a trading volume of 700 shares, compared to its average volume of 14,798. The company has a current ratio of 3.93, a quick ratio of 1.57 and a debt-to-equity ratio of 0.55. Synalloy has a 52-week low of $11.88 and a 52-week high of $24.80. The firm has a market capitalization of $174.81 million, a P/E ratio of 14.09 and a beta of 0.39.
In other news, CEO Craig C. Bram purchased 1,800 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were acquired at an average cost of $22.27 per share, with a total value of $40,086.00. Following the completion of the acquisition, the chief executive officer now owns 226,441 shares of the company’s stock, valued at $5,042,841.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 7.57% of the stock is currently owned by insiders.
Separately, TheStreet lowered shares of Synalloy from a “b” rating to a “c+” rating in a report on Wednesday, August 15th.
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Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally. The company operates in two segments, Metals and Specialty Chemicals. The Metals segment manufactures and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.
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