Perma-Pipe International (NASDAQ:PPIH) Posts Earnings Results

Perma-Pipe International (NASDAQ:PPIH) released its quarterly 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 Price Performance

PPIH traded up $0.21 during midday trading on Monday, hitting $13.69. 46,946 shares of the company traded hands, compared to its average volume of 22,095. The company has a market capitalization of $109.25 million, a price-to-earnings ratio of 7.21 and a beta of 0.32. The business has a 50 day simple moving average of $14.62 and a two-hundred day simple moving average of $11.69. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.13. Perma-Pipe International has a 52-week low of $6.83 and a 52-week 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.