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

Perma-Pipe International (NASDAQ:PPIH) issued its quarterly earnings data on Monday. The industrial products company reported $0.31 earnings per share for the quarter, Zacks reports. Perma-Pipe International had a return on equity of 23.84% and a net margin of 9.70%.

Perma-Pipe International Stock Up 13.0 %

NASDAQ:PPIH opened at $16.39 on Wednesday. The stock has a 50-day simple moving average of $14.65 and a 200 day simple moving average of $11.73. Perma-Pipe International has a one year low of $6.83 and a one year high of $17.58. The company has a market capitalization of $130.76 million, a price-to-earnings ratio of 8.63 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.50 and a current ratio of 1.78.

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.