Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.11 and traded as high as $15.09. Perma-Pipe International shares last traded at $14.95, with a volume of 12,045 shares changing hands.
Perma-Pipe International Price Performance
The stock has a market capitalization of $116.19 million, a PE ratio of 7.39 and a beta of 0.32. The company has a current ratio of 1.94, a quick ratio of 1.64 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $15.30 and a 200 day moving average price of $13.24.
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 (EPS) for the quarter. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in shares of Perma-Pipe International during the 4th quarter valued at about $48,000. State Street Corp purchased a new stake in Perma-Pipe International during the third quarter valued at approximately $140,000. Virtu Financial LLC bought a new stake in shares of Perma-Pipe International in the 4th quarter valued at approximately $152,000. Ritholtz Wealth Management bought a new stake in shares of Perma-Pipe International in the 4th quarter valued at approximately $173,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Perma-Pipe International in the 3rd quarter worth approximately $190,000. Hedge funds and other institutional investors own 28.43% of the company's stock.
Perma-Pipe International Company Profile
(
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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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