Extremely significant positive changes in Perma-Pipe International Holding (NASDAQ: PPIH) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in fundamentals have recently occurred for Perma-Pipe International Holding (NASDAQ: PPIH): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to 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 B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Perma-Pipe International Holding has a slightly positive Appreciation Score of 68 and a good Power Rating of 71, producing the Positive Value Trend Rating.
Recent Price Action
Perma-Pipe International Holding (NASDAQ: PPIH) stock closed at $8.90 on 6/28/24 after a modest decline of -1.1%. However, this decline was accompanied by exceptionally low trading volume at 40% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.7% during the last week.
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