Perma-Pipe International (NASDAQ:PPIH) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIHGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Perma-Pipe International Stock Performance

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 company has a market cap of $121.70 million, a price-to-earnings ratio of 7.74 and a beta of 0.32. The firm has a 50 day simple moving average of $15.37 and a 200-day simple moving average of $12.90.

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

Institutional Investors Weigh In On Perma-Pipe International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Perma-Pipe International by 1.0% in the 2nd 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. Renaissance Technologies LLC grew its stake in shares of Perma-Pipe International by 1.8% in the second quarter. Renaissance Technologies LLC now owns 173,412 shares of the industrial products company’s stock valued at $1,543,000 after buying an additional 3,119 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Perma-Pipe International by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 7,273 shares during the period. Empowered Funds LLC purchased a new stake in shares of Perma-Pipe International in the 4th quarter valued at $276,000. Finally, Essex Investment Management Co. LLC acquired a new position in Perma-Pipe International during the 3rd quarter worth about $190,000. 28.43% of the stock is owned by hedge funds and other institutional investors.

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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