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

Perma-Pipe International (NASDAQ:PPIH) posted its earnings results on Monday. The industrial products company reported $0.31 EPS 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 Stock Up 13.0 %

PPIH opened at $16.39 on Wednesday. The stock’s 50 day moving average price is $14.65 and its 200 day moving average price is $11.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.78 and a quick ratio of 1.50. The stock has a market cap of $130.76 million, a P/E ratio of 8.63 and a beta of 0.32. Perma-Pipe International has a 12 month low of $6.83 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.