Perma-Pipe International Holding (NASDAQ: PPIH) has benefited from extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Slight positive changes in fundamentals have recently occurred for Perma-Pipe International Holding (NASDAQ: PPIH): 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
PPIH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 45 and a slightly negative Power Rating of 32, and the Negative Value Trend Rating results.
Recent Price Action
Perma-Pipe International Holding (NASDAQ: PPIH) stock closed at $8.80 on 5/2/24 after a large increase of 2.6%. Moreover, exceptionally high trading volume at 322% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 21.7% during the last week.
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