Perma-Pipe International Holding (NASDAQ: PPIH). Extremely important positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted 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 C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PPIH is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Perma-Pipe International Holding has a current Value Trend Rating of C (High Neutral). 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 Power Rating of 54 and a slightly positive Appreciation Score of 68, and the High Neutral Value Trend Rating results.
Recent Price Action
On 6/3/24, Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a large increase of 2.9%, closing at $9.21. Moreover, exceptionally high trading volume at 409% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 4.0% during the last week.
Be the first to comment