Perma-Pipe International Holdings Inc [NASDAQ: PPIH] loss -5.78% or -1.3 points to close at $21.20 with a heavy trading volume of 120683 shares.
It opened the trading session at $22.74, the shares rose to $23.17 and dropped to $20.24, the range by which the price of stock traded the whole day. The daily chart for PPIH points out that the company has recorded 29.51% gains over the past six months.
If we look at the average trading volume of 37.80K shares, PPIH reached to a volume of 120683 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Perma-Pipe International Holdings Inc [PPIH]:
The Average True Range (ATR) for Perma-Pipe International Holdings Inc is set at 1.38, with the Price to Sales ratio for PPIH stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 2.54. Price to Free Cash Flow for PPIH in the course of the last twelve months was 14.69 with Quick ratio for the last quarter at 1.72.
Trading performance analysis for PPIH stock
Perma-Pipe International Holdings Inc [PPIH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 46.21. With this latest performance, PPIH shares gained by 57.15% in over the last four-week period, additionally plugging by 29.51% over the last 6 months – not to mention a rise of 127.96% in the past year of trading.
Perma-Pipe International Holdings Inc [PPIH]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Perma-Pipe International Holdings Inc [PPIH] shares currently have an operating margin of 14.67% and a Gross Margin at 34.81%. Perma-Pipe International Holdings Inc’s Net Margin is presently recorded at 7.31%.
Return on Equity for this stock inclined to 7.45%, with Return on Assets sitting at 7.45%.
An analysis of Institutional ownership at Perma-Pipe International Holdings Inc [PPIH]
There are presently around $41.39%, or 46.25%% of PPIH stock, in the hands of institutional investors. The top three institutional holders of PPIH stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 0.45 million shares, which is approximately 5.6219%. WEDBUSH SECURITIES INC, holding 0.44 million shares of the stock with an approximate value of $$3.93 million in PPIH stocks shares; and WEDBUSH SECURITIES INC, currently with $$2.93 million in PPIH stock with ownership which is approximately 4.1351%.
