Craig C. Bram Acquires 1,800 Shares of Synalloy Co. (NASDAQ:SYNL) Stock
Synalloy Co. (NASDAQ:SYNL) CEO Craig C. Bram acquired 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average cost of $22.27 per share, for a total transaction 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 filing with the SEC, which is available through this link.
SYNL traded down $0.90 during trading on Friday, hitting $19.85. The stock had a trading volume of 16,679 shares, compared to its average volume of 21,586. The company has a market cap of $201.13 million, a price-to-earnings ratio of 16.21 and a beta of 0.06. Synalloy Co. has a twelve month low of $11.88 and a twelve month high of $24.80. The company has a quick ratio of 1.57, a current ratio of 3.93 and a debt-to-equity ratio of 0.55.
Synalloy (NASDAQ:SYNL) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.70 earnings per share for the quarter. The company had revenue of $71.89 million during the quarter. Synalloy had a net margin of 3.08% and a return on equity of 13.49%.
Separately, TheStreet upgraded shares of Synalloy from a “c+” rating to a “b” rating in a research note on Tuesday, July 10th.
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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