On 9/11/24, Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a major increase of 15.7%, closing at $11.57. Moreover, exceptionally high trading volume at 848% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 12.9% 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Perma-Pipe International Holding has a slightly positive Appreciation Score of 63 and a good Power Rating of 77, 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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