Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.17 and traded as high as $15.42. Perma-Pipe International shares last traded at $14.71, with a volume of 81,450 shares changing hands.
Perma-Pipe International Stock Up 0.6 %
The company has a market cap of $118.10 million, a price-to-earnings ratio of 7.74 and a beta of 0.27. 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 firm has a 50-day moving average price of $12.51 and a 200 day moving average price of $10.17.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The industrial products company reported $0.40 EPS for the quarter. The company 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
Several hedge funds have recently added to or reduced their stakes in PPIH. Essex Investment Management Co. LLC bought a new position in shares of Perma-Pipe International during the third quarter valued at about $190,000. Renaissance Technologies LLC lifted its stake in shares of Perma-Pipe International by 1.8% during 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 in the last quarter. 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. Finally, Dimensional Fund Advisors LP raised its position in shares of Perma-Pipe International by 1.0% during 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 in the last quarter. Institutional investors 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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