Arlington Financial Advisors LLC Invests $118,000 in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Arlington Financial Advisors LLC purchased a new stake in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) during the first quarter, HoldingsChannel reports. The firm purchased 15,000 shares of the industrial products company’s stock, valued at approximately $118,000.

Separately, Cannell Capital LLC boosted its holdings in shares of Perma-Pipe International by 10.1% during the third quarter. Cannell Capital LLC now owns 136,492 shares of the industrial products company’s stock worth $1,115,000 after acquiring an additional 12,500 shares during the period. Institutional investors and hedge funds own 28.43% of the company’s stock.

Perma-Pipe International Stock Performance

Shares of NASDAQ PPIH traded down $0.10 during trading hours on Friday, reaching $8.90. 6,331 shares of the stock were exchanged, compared to its average volume of 16,853. The firm has a market capitalization of $71.36 million, a price-to-earnings ratio of 5.46 and a beta of 0.27. The stock’s fifty day simple moving average is $8.80 and its 200 day simple moving average is $8.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 1.67. Perma-Pipe International Holdings, Inc. has a 52 week low of $6.17 and a 52 week high of $10.20.

Perma-Pipe International (NASDAQ:PPIH) last issued its quarterly earnings data on Thursday, June 13th. The industrial products company reported $0.18 EPS for the quarter. Perma-Pipe International had a return on equity of 21.23% and a net margin of 8.39%. The firm had revenue of $34.32 million for the quarter.

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.