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

Perma-Pipe International (NASDAQ:PPIH) posted its earnings results on Monday. The industrial products company reported $0.31 earnings per share for the quarter, Zacks reports. Perma-Pipe International had a net margin of 9.70% and a return on equity of 23.84%.

Perma-Pipe International Price Performance

PPIH traded up $0.33 during trading on Monday, hitting $13.81. The company’s stock had a trading volume of 52,830 shares, compared to its average volume of 22,135. Perma-Pipe International has a 12 month low of $6.83 and a 12 month high of $17.58. The firm’s 50 day moving average price is $14.62 and its two-hundred day moving average price is $11.69. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $110.20 million, a price-to-earnings ratio of 7.27 and a beta of 0.32.

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.