Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.99 and traded as high as $26.05. Perma-Pipe International shares last traded at $25.12, with a volume of 170,828 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Perma-Pipe International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 22nd.
Check Out Our Latest Research Report on Perma-Pipe International
Perma-Pipe International Price 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 firm has a market cap of $209.63 million, a P/E ratio of 17.06 and a beta of 0.46. The business has a fifty day moving average of $21.62 and a 200 day moving average of $16.20.
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 EPS for the quarter. Perma-Pipe International had a return on equity of 17.84% and a net margin of 7.31%. The business had revenue of $46.75 million during the quarter.
Institutional Investors Weigh In On Perma-Pipe International
A number of institutional investors have recently made changes to their positions in PPIH. Raymond James Financial Inc. boosted its holdings in shares of Perma-Pipe International by 1,960.8% during the first quarter. Raymond James Financial Inc. now owns 657,501 shares of the industrial products company's stock worth $8,173,000 after acquiring an additional 625,596 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Perma-Pipe International during the fourth quarter worth approximately $1,093,000. EAM Investors LLC bought a new stake in shares of Perma-Pipe International during the fourth quarter worth approximately $708,000. Ellsworth Advisors LLC bought a new stake in shares of Perma-Pipe International during the first quarter worth approximately $581,000. Finally, Marshall Wace LLP bought a new stake in shares of Perma-Pipe International during the fourth quarter worth approximately $488,000. 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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