Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a major increase of 11.4% on 9/30/24. The shares closed at $12.98. Moreover, trading volume in this advance was exceptionally high at 223% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Perma-Pipe International Holding has a neutral Appreciation Score of 54 but a good Power Rating of 84, resulting in the Positive Value Trend Rating.
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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