Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a major increase of 27.8% on 8/23/24. The shares closed at $11.50. Moreover, this advance was accompanied by exceptionally high trading volume at 1369% of normal. The stock has been strong relative to the market over the last nine months and has risen 35.6% 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Perma-Pipe International Holding has a neutral Appreciation Score of 58 but a good Power Rating of 74, and the Positive Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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