Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a major increase of 11.3% on 7/16/24. The shares closed at $9.35. Moreover, this advance was accompanied by above average trading volume at 128% of normal. The stock has been strong relative to the market over the last nine months and has risen 10.5% during the last week.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Perma-Pipe International Holding has a slightly positive Power Rating of 69 and a good Appreciation Score of 73, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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