Today, the Pres. of Sub. of Synalloy Corp (SYNL), Pennington Kyle, bought shares of SYNL for $60K.
Following this transaction Pennington Kyle’s holding in the company was increased by 6.15% to a total of $1.03 million. Following Pennington Kyle’s last SYNL Buy transaction on August 23, 2017, the stock climbed by 4.1%.
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Based on Synalloy Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $72.67 million and quarterly net profit of $549K. In comparison, last year the company earned revenue of $52.84 million and had a net profit of $1.02 million. SYNL’s market cap is $132.5M and the company has a P/E ratio of 10.14. Currently, Synalloy Corp has an average volume of 20.39K.
The insider sentiment on Synalloy Corp has been positive according to 44 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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).
