Perma-Pipe International Holding (NASDAQ: PPIH). Extremely important positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Perma-Pipe International Holding (NASDAQ: PPIH). Slight positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PPIH is expected to continue to be a modest Value Builder.
Perma-Pipe International Holding has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Perma-Pipe International Holding has a neutral Appreciation Score of 51 but a poor Power Rating of 17, with the Negative Value Trend Rating the result.
Recent Price Action
Perma-Pipe International Holding (NASDAQ: PPIH) stock closed at $8.15 on 12/19/23 after a large increase of 2.5%. Moreover, trading volume in this advance was exceptionally high at 225% of normal. The stock has been extremely weak relative to the market over the last nine months and is unchanged during the last week.
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