Perma-Pipe International (NASDAQ:PPIH) issued its earnings results on Tuesday. The industrial products company reported ($0.02) earnings per share for the quarter, reports. The firm had revenue of $34.46 million during the quarter. Perma-Pipe International had a net margin of 2.35% and a return on equity of 5.74%.
NASDAQ:PPIH traded up $0.10 during mid-day trading on Friday, hitting $9.30. The stock had a trading volume of 265 shares, compared to its average volume of 12,163. The stock has a 50-day simple moving average of $9.07 and a two-hundred day simple moving average of $8.97. The company has a market capitalization of $74.71 million, a PE ratio of 25.11 and a beta of 0.42. Perma-Pipe International has a twelve month low of $7.87 and a twelve month high of $10.14. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.32.
Separately, TheStreet raised shares of Perma-Pipe International from a “c+” rating to a “b-” rating in a report on Monday, October 7th.
About Perma-Pipe International
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/or insulation of oil and gas gathering and transmission pipelines.
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