Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 3,100 shares, a decline of 68.4% from the September 15th total of 9,800 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
NASDAQ:PPIH opened at $8.44 on Thursday. Perma-Pipe International has a one year low of $5.13 and a one year high of $8.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.62. The company’s 50-day simple moving average is $7.44 and its 200 day simple moving average is $6.94. The firm has a market capitalization of $68.74 million, a P/E ratio of -24.11 and a beta of 0.35.
Perma-Pipe International (NASDAQ:PPIH) last posted its quarterly earnings data on Wednesday, September 8th. The industrial products company reported $0.41 EPS for the quarter. Perma-Pipe International had a negative net margin of 2.66% and a negative return on equity of 5.67%. The business had revenue of $39.80 million for the quarter.
A number of institutional investors have recently modified their holdings of PPIH. Renaissance Technologies LLC raised its holdings in Perma-Pipe International by 7.9% in the first quarter. Renaissance Technologies LLC now owns 256,693 shares of the industrial products company’s stock worth $1,561,000 after buying an additional 18,800 shares during the last quarter. Founders Capital Management raised its holdings in Perma-Pipe International by 38.5% in the first quarter. Founders Capital Management now owns 7,200 shares of the industrial products company’s stock worth $44,000 after buying an additional 2,000 shares during the last quarter. Citadel Advisors LLC purchased a new position in Perma-Pipe International in the second quarter worth about $90,000. Wells Fargo & Company MN raised its holdings in Perma-Pipe International by 729.9% in the second quarter. Wells Fargo & Company MN now owns 4,548 shares of the industrial products company’s stock worth $30,000 after buying an additional 4,000 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in Perma-Pipe International by 8.4% in the third quarter. Wedbush Securities Inc. now owns 198,872 shares of the industrial products company’s stock worth $1,543,000 after buying an additional 15,494 shares during the last quarter. 25.85% of the stock is owned by institutional investors and hedge funds.
Perma-Pipe International Company Profile
Perma-Pipe International Holdings, Inc designs, manufactures, and sells specialty piping and leak detection systems. Its products include industrial and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products; insulated and jacketed district heating and cooling piping systems for efficient energy distribution to multiple locations from central energy plants; and the coating and/or insulation of oil and gas gathering flow and long lines for oil or mineral transportation.
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