Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report)'s stock price 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 traded.
Perma-Pipe International Stock Performance
The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94. The firm's 50 day simple moving average is $15.19 and its 200 day simple moving average is $12.45. The firm has a market capitalization of $117.15 million, a price-to-earnings ratio of 7.45 and a beta of 0.32.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.31 earnings per share for the quarter. Perma-Pipe International had a return on equity of 23.41% and a net margin of 10.33%.
Institutional Investors Weigh In On Perma-Pipe International
Several hedge funds have recently bought and sold shares of the stock. State Street Corp purchased a new stake in shares of Perma-Pipe International during the 3rd quarter worth about $140,000. Ritholtz Wealth Management acquired a new position in Perma-Pipe International in the 4th quarter worth about $173,000. Essex Investment Management Co. LLC purchased a new position in Perma-Pipe International during the third quarter worth approximately $190,000. Geode Capital Management LLC grew its holdings in Perma-Pipe International by 9.7% in the third quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company's stock valued at $1,068,000 after purchasing an additional 7,273 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Perma-Pipe International by 1.8% in the second 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 in the last quarter. Hedge funds and other institutional investors 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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