StockNews.com started coverage on shares of Northwest Pipe (NASDAQ:NWPX – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the industrial products company’s stock.
Separately, Northland Securities initiated coverage on shares of Northwest Pipe in a report on Monday, January 23rd. They issued an outperform rating and a $55.00 price objective for the company.
Northwest Pipe Trading Up 1.5 %
Northwest Pipe stock opened at $31.46 on Thursday. The company’s fifty day simple moving average is $37.33 and its 200-day simple moving average is $34.55. The company has a quick ratio of 2.04, a current ratio of 2.78 and a debt-to-equity ratio of 0.23. Northwest Pipe has a 12 month low of $24.30 and a 12 month high of $40.60. The stock has a market cap of $312.40 million, a P/E ratio of 10.12 and a beta of 0.90.
Institutional Investors Weigh In On Northwest Pipe
About Northwest Pipe
Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.
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