Shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.07 and traded as high as $24.24. Perma-Pipe International shares last traded at $23.84, with a volume of 239,082 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Perma-Pipe International from a "strong-buy" rating to a "hold" rating in a report on Saturday.
Get Our Latest Research Report on PPIH
Perma-Pipe International Trading Down 1.1%
The business's 50-day moving average price is $26.66 and its 200 day moving average price is $19.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.64 and a current ratio of 1.88. The company has a market cap of $186.77 million, a P/E ratio of 18.54 and a beta of 0.53.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The industrial products company reported $0.10 earnings per share for the quarter. Perma-Pipe International had a net margin of 5.55% and a return on equity of 13.92%. The business had revenue of $47.90 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Perma-Pipe International during the 4th quarter valued at $178,000. Citadel Advisors LLC increased its holdings in Perma-Pipe International by 116.2% during the fourth quarter. Citadel Advisors LLC now owns 23,886 shares of the industrial products company's stock worth $357,000 after buying an additional 12,836 shares during the last quarter. State of Wyoming purchased a new stake in Perma-Pipe International during the fourth quarter worth about $77,000. American Century Companies Inc. boosted its position in Perma-Pipe International by 81.3% during the first quarter. American Century Companies Inc. now owns 57,465 shares of the industrial products company's stock worth $714,000 after purchasing an additional 25,763 shares during the period. Finally, Raymond James Financial Inc. boosted its position in 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 purchasing an additional 625,596 shares during the period. Institutional investors and hedge funds own 28.43% of the company's stock.
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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