PPIH Stock Summary and Trading Ideas (Perma-Pipe Inlt Hldgs | NASDAQ:PPIH)

Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.

Perma-Pipe Inlt Hldgs trades on the NASDAQ stock market under the symbol PPIH.

As of February 7, 2025, PPIH stock price was flat at $14.85 with 2,026 million shares trading.

PPIH has a beta of 1.42, meaning it tends to be more sensitive to market movements. PPIH has a correlation of 0.08 to the broad based SPY ETF.

PPIH has a market cap of $118.47 million. This is considered a Micro Cap stock.

In the last 3 years, PPIH traded as high as $17.58 and as low as $6.17.

The top ETF exchange traded funds that PPIH belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, BSVO.

PPIH has outperformed the market in the last year with a return of +82.2%, while the SPY ETF gained +23.5%. However, in the most recent history, PPIH shares have underperformed the stock market with its stock returning +1.0% in the last 3 month period and -8.6% for the last 2 week period, while SPY has returned +2.3% and -1.1%, respectively.

PPIH support price is $14.25 and resistance is $15.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PPIH shares will trade within this expected range on the day.