Synalloy (NASDAQ:SYNL) posted its earnings results on Tuesday. The industrial products company reported $0.65 EPS for the quarter, Morningstar.com reports. The company had revenue of $77.79 million for the quarter. Synalloy had a return on equity of 18.65% and a net margin of 5.20%. Synalloy updated its FY 2018 guidance to EPS.
NASDAQ:SYNL traded down $0.19 during trading hours on Thursday, reaching $17.44. 4,803 shares of the company were exchanged, compared to its average volume of 16,564. Synalloy has a 1-year low of $11.88 and a 1-year high of $24.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.93 and a quick ratio of 1.57. The company has a market capitalization of $163.37 million, a P/E ratio of 9.47 and a beta of 0.39.
In other Synalloy news, CEO Craig C. Bram purchased 1,800 shares of Synalloy stock in a transaction dated Tuesday, September 18th. The stock was acquired at an average price of $22.27 per share, for a total transaction of $40,086.00. Following the acquisition, the chief executive officer now owns 226,441 shares in the company, valued at approximately $5,042,841.07. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.57% of the company’s stock.
Separately, TheStreet downgraded Synalloy from a “b” rating to a “c+” rating in a research report on Wednesday, August 15th.
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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