Perma-Pipe International (NASDAQ:PPIH) Stock Price Passes Above 200 Day Moving Average of $9.01

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.01 and traded as high as $13.25. Perma-Pipe International shares last traded at $13.13, with a volume of 18,160 shares trading hands.

Perma-Pipe International Trading Up 0.2 %

The stock has a market cap of $105.28 million, a price-to-earnings ratio of 8.06 and a beta of 0.26. The business has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $9.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 1.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PPIH. Arlington Financial Advisors LLC acquired a new position in Perma-Pipe International during the first quarter valued at approximately $118,000. Vanguard Group Inc. raised its stake in shares of Perma-Pipe International by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company’s stock worth $2,524,000 after purchasing an additional 2,576 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Perma-Pipe International by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company’s stock valued at $3,980,000 after buying an additional 4,309 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Perma-Pipe International by 1.8% in the second quarter. Renaissance Technologies LLC now owns 173,412 shares of the industrial products company’s stock valued at $1,543,000 after buying an additional 3,119 shares in the last quarter. Institutional investors own 28.43% of the company’s stock.

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.