Synalloy（NASDAQ：SYNL）在StockNews.com上调至“强买”

StockNews.com upgraded shares of Synalloy (NASDAQ:SYNL – Get Rating) from a buy rating to a strong-buy rating in a research report report published on Thursday.

Synalloy Price Performance

SYNL opened at $13.18 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.97 and a quick ratio of 1.18. The firm has a market capitalization of $134.96 million, a PE ratio of 4.38 and a beta of 0.66. The business's 50-day moving average is $15.10 and its two-hundred day moving average is $16.28. Synalloy has a 1 year low of $9.50 and a 1 year high of $19.20.

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Synalloy (NASDAQ:SYNL – Get Rating) last issued its quarterly 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%.

Insiders Place Their Bets

In other Synalloy news, CEO Christopher Gerald Hutter purchased 4,592 shares of the stock in a transaction on Friday, May 13th. The stock was acquired at an average price of $15.00 per share, with a total value of $68,880.00. Following the completion of the acquisition, the chief executive officer now owns 210,168 shares in the company, valued at $3,152,520. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.99% of the company's stock.

Institutional Investors Weigh In On Synalloy

Institutional investors and hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Synalloy during the fourth quarter worth about $80,000. Ritholtz Wealth Management lifted its holdings in shares of Synalloy by 13.8% during the second quarter. Ritholtz Wealth Management now owns 13,397 shares of the industrial products company's stock worth $188,000 after purchasing an additional 1,627 shares during the period. Deltec Asset Management LLC lifted its holdings in shares of Synalloy by 12.6% during the fourth quarter. Deltec Asset Management LLC now owns 12,895 shares of the industrial products company's stock worth $212,000 after purchasing an additional 1,439 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Synalloy during the first quarter worth about $256,000. Finally, Raymond James & Associates acquired a new stake in shares of Synalloy during the first quarter worth about $270,000. Institutional investors and hedge funds own 37.88% of the company's stock.

About Synalloy

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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.

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