Perma-Pipe International (NASDAQ:PPIH) Issues Quarterly Earnings Results

Perma-Pipe International (NASDAQ:PPIH - Get Free Report) released its quarterly earnings results on Monday. The industrial products company reported $0.31 EPS for the quarter, Zacks reports. Perma-Pipe International had a return on equity of 23.84% and a net margin of 9.70%.

Perma-Pipe International Stock Up 7.6 %

Shares of Perma-Pipe International stock traded up $1.02 on Monday, hitting $14.50. The company had a trading volume of 103,308 shares, compared to its average volume of 22,366. The stock has a 50-day moving average of $14.65 and a 200-day moving average of $11.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.78 and a quick ratio of 1.50. Perma-Pipe International has a twelve month low of $6.83 and a twelve month high of $17.58. The firm has a market capitalization of $115.68 million, a P/E ratio of 7.63 and a beta of 0.32.

Perma-Pipe International Company Profile

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.