Today, the CEO & President of Synalloy Corp (SYNL), Craig Bram, bought shares of SYNL for $38.78K.
This recent transaction increases Craig Bram’s holding in the company by 1.02% to a total of $4.31 million. In addition to Craig Bram, one other SYNL executive reported Buy trades in the last month.
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Based on Synalloy Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $77.79 million and quarterly net profit of $5.04 million. In comparison, last year the company earned revenue of $54.6 million and had a GAAP net loss of $1.21 million. SYNL’s market cap is $137.7M and the company has a P/E ratio of 10.15. Currently, Synalloy Corp has an average volume of 1,953.
The insider sentiment on Synalloy Corp has been positive according to 25 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Craig Bram’s trades have generated a 22.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Synalloy Corp. engages in the production of stainless steel pipe, fabricator of stainless and carbon steel piping systems, and specialty chemicals. It operates through Metals and Specialty Chemicals segments. The Metals Segment operates as Bristol Metals LLC (BRISMET), Palmer of Texas Tanks, Inc. (Palmer), and Specialty Pipe & Tube, Inc. (Specialty).
