Perma-Pipe International (NASDAQ:PPIH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Sunday.
Perma-Pipe International Trading Down 2.4%
NASDAQ:PPIH traded down $0.51 during trading hours on Friday, hitting $20.69. The company had a trading volume of 43,838 shares, compared to its average volume of 33,882. The company has a current ratio of 1.95, a quick ratio of 1.72 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $14.08 and a 200 day moving average of $14.14. The company has a market cap of $165.11 million, a P/E ratio of 13.44 and a beta of 0.27. Perma-Pipe International has a 1 year low of $7.72 and a 1 year high of $23.17.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last issued its quarterly earnings data on Friday, June 13th. The industrial products company reported $0.61 earnings per share for the quarter. The company 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 Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in Perma-Pipe International in the fourth quarter valued at $48,000. Jane Street Group LLC acquired a new stake in Perma-Pipe International in the 4th quarter valued at about $178,000. American Century Companies Inc. acquired a new stake in shares of Perma-Pipe International during the 4th quarter worth about $474,000. Citadel Advisors LLC raised its position in shares of Perma-Pipe International by 116.2% during the 4th quarter. Citadel Advisors LLC now owns 23,886 shares of the industrial products company's stock worth $357,000 after acquiring an additional 12,836 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Perma-Pipe International during the 4th quarter worth about $297,000. 28.43% of the stock is currently owned by institutional investors and hedge funds.
About Perma-Pipe International
(
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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