Synalloy has two segments, the Metals Segment and the Specialty Chemicals Segment. The Metals Segment includes its subsidiaries: Bristol Metals, LLC, which manufactures welded pipe and tube, primarily from stainless steel, duplex, and nickel alloys; and American Stainless Tubing, LLC, which is a manufacturer of ornamental stainless steel tube, supplying the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries. The Specialty Chemicals Segment includes its subsidiaries, Manufacturers Chemicals, LLC and CRI Tolling, LLC, which produce specialty formulations and intermediates for use in a variety of applications and industries. We show 52 historical shares outstanding datapoints in our SYNL shares outstanding history coverage, used to compute SYNL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SYNL market cap history over the course of time is important for investors
interested in comparing SYNL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SYNL versus a peer is one thing; comparing
SYNL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SYNL can fluctuate over the course of history.
With this page we aim to empower investors researching SYNL by allowing them to research the SYNL market cap history. |
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Video: The Importance of Market Cap
