3-May-2024
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Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results
Business Wire (Fri, 26-Apr 9:26 AM ET)
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 May 3, 2024, PPIH stock price climbed to $8.85 with 16,099 million shares trading.
PPIH has a market cap of $69.96 million. This is considered a Micro Cap stock.
In the last 3 years, PPIH stock traded as high as $15.70 and as low as $5.77.
The top ETF exchange traded funds that PPIH belongs to (by Net Assets): VTI, VXF, DFAT, IWC, DFUV.
PPIH stock has underperformed the market in the last year with a return of -17.2%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PPIH shares. However, PPIH has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and +23.3%, while SPY returned +3.7% and +3.3%, respectively. This indicates PPIH has been having a stronger performance recently.
PPIH support price is $8.42 and resistance is $9.18 (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 stock will trade within this expected range on the day.