Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Director David B. Brown Sells 1,280 Shares

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Director David B. Brown sold 1,280 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $8.11, for a total value of $10,380.80. Following the completion of the sale, the director now directly owns 23,394 shares of the company’s stock, valued at $189,725.34. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Perma-Pipe International Price Performance

PPIH stock opened at $8.28 on Monday. The company has a market capitalization of $66.41 million, a P/E ratio of 5.08 and a beta of 0.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 1.67. Perma-Pipe International Holdings, Inc. has a 52-week low of $6.17 and a 52-week high of $9.88. The business has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $8.30.

Perma-Pipe International (NASDAQ:PPIH) last released its quarterly earnings results on Thursday, June 13th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $34.32 million during the quarter. Perma-Pipe International had a return on equity of 21.23% and a net margin of 8.39%.

Hedge Funds Weigh In On Perma-Pipe International

A hedge fund recently raised its stake in Perma-Pipe International stock. Vanguard Group Inc. raised its stake in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 319,445 shares of the industrial products company’s stock after purchasing an additional 2,576 shares during the period. Vanguard Group Inc. owned approximately 3.98% of Perma-Pipe International worth $2,524,000 as of its most recent SEC filing. 28.43% of the stock is owned by institutional investors.

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.