Perma-Pipe International (NASDAQ:PPIH) Shares Cross Above 200 Day Moving Average of $8.19

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIHGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.19 and traded as high as $9.12. Perma-Pipe International shares last traded at $8.75, with a volume of 9,424 shares.

Perma-Pipe International Price Performance

The firm has a market cap of $71.86 million, a PE ratio of 5.50 and a beta of 0.27. The stock’s fifty day moving average price is $8.60 and its 200-day moving average price is $8.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.41.

Perma-Pipe International (NASDAQ:PPIHGet Free Report) last released its earnings results on Thursday, June 13th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter. Perma-Pipe International had a net margin of 8.39% and a return on equity of 21.23%. The business had revenue of $34.32 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cannell Capital LLC boosted its position in shares of Perma-Pipe International by 10.1% during the 3rd quarter. Cannell Capital LLC now owns 136,492 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 12,500 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Perma-Pipe International by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company’s stock valued at $2,524,000 after acquiring an additional 2,576 shares during the last quarter. Finally, Arlington Financial Advisors LLC acquired a new position in shares of Perma-Pipe International during the 1st quarter valued at about $118,000. Institutional investors and hedge funds 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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