Perma-Pipe International (NASDAQ:PPIH - Get Free Report) issued its quarterly earnings results on Friday. The industrial products company reported $0.61 EPS for the quarter, Zacks reports. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%.
Perma-Pipe International Trading Up 18.9%
PPIH stock traded up $2.76 during mid-day trading on Friday, reaching $17.33. The company had a trading volume of 214,509 shares, compared to its average volume of 31,397. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.64. The company has a market capitalization of $138.35 million, a PE ratio of 8.80 and a beta of 0.27. The firm has a 50 day moving average of $12.83 and a 200 day moving average of $13.96. Perma-Pipe International has a 12 month low of $7.72 and a 12 month high of $19.06.
Hedge Funds Weigh In On Perma-Pipe International
A hedge fund recently raised its stake in Perma-Pipe International stock. Jane Street Group LLC grew its stake in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) by 55.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,505 shares of the industrial products company's stock after acquiring an additional 6,583 shares during the period. Jane Street Group LLC owned 0.23% of Perma-Pipe International worth $230,000 at the end of the most recent reporting period. 28.43% of the stock is owned by institutional investors.
About Perma-Pipe International
(
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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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