Shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.41 and traded as high as $27.62. Perma-Pipe International shares last traded at $27.20, with a volume of 125,057 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Perma-Pipe International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 22nd.
Get Our Latest Stock Analysis on Perma-Pipe International
Perma-Pipe International Stock Performance
The company has a quick ratio of 1.72, a current ratio of 1.95 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $22.85 and a two-hundred day simple moving average of $16.58. The stock has a market capitalization of $218.73 million, a P/E ratio of 17.80 and a beta of 0.46.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last posted its quarterly earnings results on Friday, June 13th. The industrial products company reported $0.61 earnings per share for the quarter. The firm had revenue of $46.75 million during the quarter. Perma-Pipe International had a return on equity of 17.84% and a net margin of 7.31%.
Institutional Trading of Perma-Pipe International
Several institutional investors and hedge funds have recently bought and sold shares of PPIH. Bridgeway Capital Management LLC boosted its stake in shares of Perma-Pipe International by 4.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 64,422 shares of the industrial products company's stock worth $1,473,000 after acquiring an additional 2,711 shares during the period. Bank of America Corp DE boosted its stake in shares of Perma-Pipe International by 1,730.8% during the 2nd quarter. Bank of America Corp DE now owns 1,190 shares of the industrial products company's stock worth $27,000 after acquiring an additional 1,125 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Perma-Pipe International during the 2nd quarter worth approximately $283,000. Corsair Capital Management L.P. bought a new position in shares of Perma-Pipe International during the 2nd quarter worth approximately $214,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Perma-Pipe International during the 2nd quarter worth approximately $279,000. Institutional investors own 28.43% of the company's stock.
Perma-Pipe International Company Profile
(
Get Free Report)
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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