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

Perma-Pipe International (NASDAQ:PPIH) issued its quarterly earnings data on Monday. The industrial products company reported $0.31 earnings per share (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 Trading Up 2.4 %

Shares of PPIH traded up $0.33 during trading hours on Monday, reaching $13.81. The stock had a trading volume of 52,830 shares, compared to its average volume of 22,135. The company has a market cap of $110.20 million, a P/E ratio of 7.27 and a beta of 0.32. Perma-Pipe International has a 52 week low of $6.83 and a 52 week high of $17.58. 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 firm has a 50-day moving average of $14.62 and a 200 day moving average of $11.69.

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.