Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.84 and traded as high as $8.91. Perma-Pipe International shares last traded at $8.90, with a volume of 9,096 shares traded.
Perma-Pipe International Stock Performance
The stock's fifty day simple moving average is $8.12 and its two-hundred day simple moving average is $7.85. The company has a market cap of $71.03 million, a price-to-earnings ratio of 6.76 and a beta of 0.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.71.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last issued its earnings results on Friday, April 26th. The industrial products company reported $1.08 earnings per share for the quarter. The firm had revenue of $40.18 million for the quarter. Perma-Pipe International had a return on equity of 17.70% and a net margin of 6.95%.
Institutional Trading of Perma-Pipe International
A number of institutional investors and hedge funds have recently bought and sold shares of PPIH. Vanguard Group Inc. grew its stake in Perma-Pipe International by 0.8% during the first quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company's stock worth $2,524,000 after buying an additional 2,576 shares during the period. Cannell Capital LLC boosted its position in Perma-Pipe International by 10.1% during the 3rd quarter. Cannell Capital LLC now owns 136,492 shares of the industrial products company's stock worth $1,115,000 after purchasing an additional 12,500 shares during the period. Finally, Arlington Financial Advisors LLC acquired a new stake in Perma-Pipe International in the 1st quarter valued at $118,000. Institutional investors and hedge funds own 28.43% of the company's stock.
Perma-Pipe International Company Profile
(
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Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines.
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