Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH – Get Free Report) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 29,000 shares, an increase of 52.6% from the October 31st total of 19,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,800 shares, the short-interest ratio is currently 0.7 days.
Perma-Pipe International Price Performance
Perma-Pipe International stock traded down $0.15 during trading hours on Friday, hitting $15.34. 35,680 shares of the company traded hands, compared to its average volume of 19,651. The firm’s 50-day simple moving average is $13.68 and its two-hundred day simple moving average is $10.88. The firm has a market cap of $122.41 million, a P/E ratio of 8.15 and a beta of 0.27. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.13. Perma-Pipe International has a 1-year low of $6.33 and a 1-year high of $16.32.
Perma-Pipe International (NASDAQ:PPIH – Get Free Report) last announced its quarterly earnings data on Wednesday, September 11th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $37.51 million for the quarter. Perma-Pipe International had a net margin of 9.70% and a return on equity of 23.84%.
Institutional Inflows and Outflows
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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