Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a major increase of 10.9% on 4/26/24. The shares closed at $7.95. Moreover, exceptionally high trading volume at 837% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 12.0% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Perma-Pipe International Holding has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 32, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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