Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.88 and traded as high as $13.09. Perma-Pipe International shares last traded at $12.98, with a volume of 9,266 shares changing hands.
Perma-Pipe International Stock Performance
The company has a market cap of $105.68 million, a price-to-earnings ratio of 7.96 and a beta of 0.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.50 and a current ratio of 1.78. The company has a fifty day moving average of $12.11 and a two-hundred day moving average of $9.92.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last announced its earnings results on Wednesday, September 11th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $37.51 million during the quarter. Perma-Pipe International had a return on equity of 23.84% and a net margin of 9.70%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC bought a new position in shares of Perma-Pipe International in the 3rd quarter worth about $190,000. Renaissance Technologies LLC grew its stake in shares of Perma-Pipe International by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 173,412 shares of the industrial products company's stock valued at $1,543,000 after buying an additional 3,119 shares during the period. Vanguard Group Inc. grew its stake in shares of Perma-Pipe International by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company's stock valued at $2,524,000 after buying an additional 2,576 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Perma-Pipe International by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company's stock valued at $3,980,000 after buying an additional 4,309 shares during the period. 28.43% of the stock is owned by institutional investors.
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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