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 $10.45 and traded as high as $14.53. Perma-Pipe International shares last traded at $14.14, with a volume of 30,402 shares.
Perma-Pipe International Trading Down 2.7 %
The company has a debt-to-equity ratio of 0.13, a current ratio of 1.78 and a quick ratio of 1.50. The company has a market capitalization of $112.84 million, a P/E ratio of 7.44 and a beta of 0.27. The firm has a fifty day moving average price of $13.10 and a 200-day moving average price of $10.49.
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 firm 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
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in shares of Perma-Pipe International during the 3rd quarter valued at $140,000. Essex Investment Management Co. LLC purchased a new stake in Perma-Pipe International during the third quarter valued at about $190,000. Geode Capital Management LLC boosted its position 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. Renaissance Technologies LLC boosted its position in Perma-Pipe International by 1.8% during the second quarter. Renaissance Technologies LLC now owns 173,412 shares of the industrial products company's stock worth $1,543,000 after purchasing an additional 3,119 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Perma-Pipe International by 0.8% during the first quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company's stock worth $2,524,000 after acquiring an additional 2,576 shares in the last quarter. 28.43% of the stock is currently owned by hedge funds and other institutional investors.
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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