Wall Street Zen upgraded shares of Perma-Pipe International (NASDAQ:PPIH – Free Report) from a buy rating to a strong-buy rating in a research note released on Sunday morning.
Perma-Pipe International Stock Performance
Shares of PPIH stock opened at $20.69 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.95 and a quick ratio of 1.72. The company’s fifty day moving average price is $14.08 and its two-hundred day moving average price is $14.14. The firm has a market capitalization of $165.11 million, a P/E ratio of 13.44 and a beta of 0.27. Perma-Pipe International has a 12 month low of $7.72 and a 12 month high of $23.17.
Perma-Pipe International (NASDAQ:PPIH – Get Free Report) last released its quarterly earnings results on Friday, June 13th. The industrial products company reported $0.61 EPS for the quarter. The business had revenue of $46.75 million for the quarter. Perma-Pipe International had a return on equity of 17.84% and a net margin of 7.31%.
Institutional Trading of Perma-Pipe International
About Perma-Pipe International
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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