Perma-Pipe International (NASDAQ:PPIH) Issues Quarterly Earnings Results

Perma-Pipe International (NASDAQ:PPIH) issued its quarterly earnings results on Thursday. The industrial products company reported $0.27 earnings per share for the quarter, Zacks reports. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%. The business had revenue of $44.99 million during the quarter.

Perma-Pipe International Price Performance

Shares of PPIH stock opened at $13.50 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a market cap of $107.77 million, a price-to-earnings ratio of 6.85 and a beta of 0.22. The stock has a 50-day moving average price of $12.51 and a 200 day moving average price of $14.00. Perma-Pipe International has a 12 month low of $7.72 and a 12 month high of $17.58.

Perma-Pipe International Company Profile

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.