Perma-Pipe International (NASDAQ:PPIH) Shares Cross Above 200-Day Moving Average - What's Next?

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.90 and traded as high as $15.92. Perma-Pipe International shares last traded at $15.25, with a volume of 18,899 shares trading hands.

Perma-Pipe International Stock Down 1.9 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.64. The firm has a 50-day simple moving average of $15.36 and a two-hundred day simple moving average of $13.01. The company has a market cap of $118.90 million, a PE ratio of 7.56 and a beta of 0.32.

Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last posted its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.31 EPS for the quarter. Perma-Pipe International had a return on equity of 23.41% and a net margin of 10.33%.

Hedge Funds Weigh In On Perma-Pipe International

A number of institutional investors have recently modified their holdings of PPIH. State Street Corp acquired a new stake in Perma-Pipe International during the third quarter worth approximately $140,000. Geode Capital Management LLC boosted its holdings in shares of 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 last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Perma-Pipe International in the third quarter valued at $190,000. Dimensional Fund Advisors LP increased its stake in Perma-Pipe International by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company's stock valued at $3,980,000 after purchasing an additional 4,309 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Perma-Pipe International during the fourth quarter worth about $173,000. Institutional investors and hedge funds own 28.43% of the company's stock.

Perma-Pipe International Company Profile

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.