Perma-Pipe International (NASDAQ:PPIH) Rating Lowered to D+ at TheStreet

Perma-Pipe International (NASDAQ:PPIH) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a report issued on Thursday, TheStreetRatingsTable reports.

Separately, ValuEngine raised Perma-Pipe International from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Shares of NASDAQ:PPIH traded up $0.04 during trading on Thursday, hitting $8.48. The stock had a trading volume of 3,892 shares, compared to its average volume of 16,913. Perma-Pipe International has a 12 month low of $8.31 and a 12 month high of $9.60. The company has a fifty day moving average of $8.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.20 and a current ratio of 1.67.

Perma-Pipe International (NASDAQ:PPIH) last announced its earnings results on Tuesday, June 11th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter. Perma-Pipe International had a negative return on equity of 1.78% and a negative net margin of 0.74%. The firm had revenue of $24.28 million during the quarter.

An institutional investor recently raised its position in Perma-Pipe International stock. Shufro Rose & Co. LLC lifted its position in Perma-Pipe International Holdings Inc (NASDAQ:PPIH) by 35.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,591 shares of the industrial products company’s stock after acquiring an additional 7,000 shares during the period. Shufro Rose & Co. LLC owned 0.34% of Perma-Pipe International worth $234,000 as of its most recent SEC filing. Institutional investors own 40.07% of the company’s stock.

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. The company 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/or insulation of oil and gas gathering and transmission pipelines.

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