Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.45 and traded as high as $14.68. Perma-Pipe International shares last traded at $14.68, with a volume of 28,374 shares changing hands.
Perma-Pipe International Trading Up 1.2 %
The stock has a market capitalization of $117.15 million, a PE ratio of 7.45 and a beta of 0.32. The company's 50 day moving average price is $15.19 and its two-hundred day moving average price is $12.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.64.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last released its earnings results on Monday, December 23rd. The industrial products company reported $0.31 earnings per share for the quarter. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%.
Hedge Funds Weigh In On Perma-Pipe International
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp acquired a new stake in shares of Perma-Pipe International in the 3rd quarter worth $140,000. Ritholtz Wealth Management purchased a new stake in shares of Perma-Pipe International in the fourth quarter valued at about $173,000. Essex Investment Management Co. LLC acquired a new stake in Perma-Pipe International during the third quarter worth about $190,000. Geode Capital Management LLC raised its stake in Perma-Pipe International by 9.7% during the third quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company's stock worth $1,068,000 after purchasing an additional 7,273 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 3,119 shares during the last quarter. Institutional investors and hedge funds own 28.43% of the company's stock.
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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