Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Synalloy (NASDAQ:SYNL - Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, August 9th. Individual interested in registering for the company's earnings conference call can do so using this link.
Synalloy (NASDAQ:SYNL - Get Rating) last announced its earnings results on Tuesday, May 10th. The industrial products company reported $0.99 earnings per share for the quarter. The business had revenue of $116.22 million during the quarter. Synalloy had a return on equity of 28.56% and a net margin of 7.72%. Synalloy Price Performance
Shares of SYNL stock traded up $0.05 during trading hours on Tuesday, hitting $13.30. 50 shares of the company's stock were exchanged, compared to its average volume of 17,404. The company has a quick ratio of 1.18, a current ratio of 2.97 and a debt-to-equity ratio of 0.57. The firm has a market cap of $136.19 million, a P/E ratio of 4.40 and a beta of 0.62. The firm has a 50 day moving average of $14.65 and a two-hundred day moving average of $16.04. Synalloy has a fifty-two week low of $9.76 and a fifty-two week high of $19.20. Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Synalloy from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 22nd.Insider Activity at Synalloy
In other news, CEO Christopher Gerald Hutter acquired 4,592 shares of Synalloy stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average cost of $15.00 per share, with a total value of $68,880.00. Following the purchase, the chief executive officer now owns 210,168 shares in the company, valued at $3,152,520. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.99% of the stock is owned by corporate insiders. Institutional Trading of Synalloy
Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in Synalloy in the 1st quarter valued at $256,000. Raymond James & Associates purchased a new stake in Synalloy in the 1st quarter valued at $270,000. Bank of New York Mellon Corp purchased a new stake in Synalloy in the 1st quarter valued at $272,000. State Street Corp grew its holdings in Synalloy by 5.2% in the 1st quarter. State Street Corp now owns 31,028 shares of the industrial products company's stock valued at $498,000 after buying an additional 1,546 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Synalloy by 23.4% in the 1st quarter. Vanguard Group Inc. now owns 449,595 shares of the industrial products company's stock valued at $7,216,000 after buying an additional 85,292 shares in the last quarter. 37.88% of the stock is currently owned by hedge funds and other institutional investors. Synalloy Company Profile (Get Rating)
Synalloy Corporation, through its subsidiaries, manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products.Read MoreGet a free copy of the StockNews.com research report on Synalloy (SYNL)The Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberGreen Your Portfolio With These StocksBloomin’ Brands Is Blossoming Is it Time to Cash Out of Signet Jewelers Stock?Devon Energy Produces A Record Quarter, Dividend Raised By 22%
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Synalloy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synalloy wasn't on the list.
While Synalloy currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Today, Kate’s guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.