Perma-Pipe International (NASDAQ:PPIH) Share Price Passes Above 200-Day Moving Average of $0.00

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $7.04. Perma-Pipe International shares last traded at $7.00, with a volume of 7,560 shares traded.

The firm has a market cap of $57.16 million, a PE ratio of -9.59 and a beta of 0.35. The stock has a 50-day moving average price of $6.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.48.

Perma-Pipe International (NASDAQ:PPIH) last posted its quarterly earnings results on Thursday, April 15th. The industrial products company reported ($0.31) earnings per share for the quarter. The business had revenue of $21.30 million for the quarter. Perma-Pipe International had a negative return on equity of 11.78% and a negative net margin of 6.91%.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Perma-Pipe International by 5.4% in the 4th quarter. BlackRock Inc. now owns 39,060 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 1,999 shares during the last quarter. Founders Capital Management boosted its holdings in Perma-Pipe International by 38.5% in the 1st quarter. Founders Capital Management now owns 7,200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 2,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Perma-Pipe International by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 237,893 shares of the industrial products company’s stock valued at $1,449,000 after purchasing an additional 10,000 shares during the last quarter. Shufro Rose & Co. LLC boosted its holdings in Perma-Pipe International by 20.5% in the 1st quarter. Shufro Rose & Co. LLC now owns 117,591 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Perma-Pipe International by 34.2% in the 1st quarter. Wedbush Securities Inc. now owns 195,773 shares of the industrial products company’s stock valued at $1,190,000 after purchasing an additional 49,945 shares during the last quarter. Institutional investors own 27.46% of the company’s stock.

About Perma-Pipe International (NASDAQ:PPIH)

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