Insider Trading in Focus: Synalloy Corporation $SYNL

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Synalloy Corporation (SYNL) insider have most recently took part in a trading activity. On Aug 23, 2017 Wright Murray H, Director bought 356 shares having total worth of $3,916 at the price of $11 per share, following the transaction a total of 129,031 shares owned by Wright Murray H. Before this latest buy, Wright Murray H purchased SYNL at 3 other times during the past twelve months, for a total investment of $17,072 at an average of $11 per share.

The stock has experienced a total of 7 insider trades in the past three months. These trades include 7 buy trades. Furthermore, over the past 12 months , the stock was traded 18 times by insiders. an employee of the company was the buyer in 18 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 7 0 -8.57%
12 Month 18 0 30.08%

Shares of Synalloy Corporation (SYNL) traded up 0.45% on Aug 24, 2017, hitting $11.2. 6,159 shares of the company’s stock traded hands. Synalloy Corporation has a 52 week low of $6.56 and a 52 week high of $13.3. The company’s market cap is $80 million.

Synalloy Corporation (SYNL) last announced its earnings results on Aug 8, 2017. The company reported 0.23 earnings per share (EPS) for the quarter. The company had revenue of $52 million for the quarter The company’s revenue for the quarter was up 48% on a year-over-year basis.

2017-08-08 2017-05-09 2017-03-14 2016-11-08 2016-08-09 2016-05-09 2016-02-29 2015-11-09 2015-07-27 2015-04-27
earnings per share 0.23 0.03 -0.17 -0.03 0.00 0.00 0.02 0.12 0.38 0.34
Revenue(M) 51.51 42.2 33.05 34.3 34.91 36.31 35.57 38.08 50.16 51.65

Synalloy Corporation is a Delaware corporation incorporated in 1958. The Company’s business is divided into two segments, the Metals Segment and the Specialty Chemicals Segment. The Metals Segment, operating as Bristol Metals, LLC, manufactures pipe and piping systems from stainless steel and other alloys for the chemical, petrochemical, pulp and paper, mining, power generation, wastewater treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical and other industries. The Specialty Chemicals operates as Manufacturers Chemicals, LLC, a wholly-owned subsidiary of Manufacturers Soap and Chemical Company, located in Cleveland, Tennessee and Dalton, Georgia. The Specialty Chemicals Segment produces specialty chemicals, pigments and dyes for the carpet, chemical, paper, metals, photographic, pharmaceutical, agricultural, fiber, paint, textile, automotive, petroleum, cosmetics, mattress, furniture and other industries. The Metals Segment utilizes separate sales organizations for its different product groups. Stainless steel pipe is sold nationwide under the Brismet trade name through authorized stocking distributors at warehouse locations throughout the country. In addition, large quantity orders are shipped directly from Bristol’s plant to end-user customers. Specialty chemicals are sold directly to various industries nationwide by five full-time outside sales employees and eleven manufacturers’ representatives. The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax of multiple state jurisdictions.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.