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

Perma-Pipe International (NASDAQ:PPIH) announced its earnings results on Monday. The industrial products company reported $0.31 earnings per share 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 Stock Performance

NASDAQ:PPIH opened at $14.50 on Tuesday. Perma-Pipe International has a fifty-two week low of $6.83 and a fifty-two week high of $17.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.50 and a current ratio of 1.78. The company has a 50 day moving average price of $14.65 and a 200 day moving average price of $11.73. The stock has a market capitalization of $115.68 million, a P/E ratio of 7.63 and a beta of 0.32.

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.