Perma-Pipe International (NASDAQ:PPIH) Stock Rating Lowered by TheStreet

Perma-Pipe International (NASDAQ:PPIHGet Rating) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.

NASDAQ:PPIH opened at $7.50 on Tuesday. The company’s 50 day moving average price is $11.80 and its 200-day moving average price is $9.87. Perma-Pipe International has a 52 week low of $6.28 and a 52 week high of $15.70. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.09. The stock has a market cap of $61.20 million, a price-to-earnings ratio of 10.42 and a beta of 0.09.

Perma-Pipe International (NASDAQ:PPIHGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The industrial products company reported $0.36 earnings per share for the quarter. Perma-Pipe International had a net margin of 4.14% and a return on equity of 11.36%. The company had revenue of $39.13 million for the quarter.

Several large investors have recently modified their holdings of the business. IMS Capital Management bought a new stake in Perma-Pipe International during the 1st quarter valued at about $755,000. Dimensional Fund Advisors LP grew its position in shares of Perma-Pipe International by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 477,717 shares of the industrial products company’s stock worth $4,505,000 after buying an additional 4,568 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Perma-Pipe International by 149.4% in the 1st quarter. Baird Financial Group Inc. now owns 148,118 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 88,728 shares during the last quarter. Cannell Capital LLC grew its position in Perma-Pipe International by 64.4% during the 1st quarter. Cannell Capital LLC now owns 45,044 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 17,645 shares during the last quarter. Finally, Shufro Rose & Co. LLC purchased a new stake in Perma-Pipe International during the 1st quarter worth approximately $983,000. 22.04% of the stock is owned by institutional investors and hedge funds.

Perma-Pipe International Company Profile (Get Rating)

Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides 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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