Northwest Pipe Co. (NWPX) Shares Up 3.8%
Northwest Pipe Co. (NASDAQ:NWPX) shot up 3.8% during mid-day trading on Monday . The stock traded as high as $11.88 and last traded at $11.84, with a volume of 112,624 shares traded. The stock had previously closed at $11.41.
Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, August 9th.
The stock’s market capitalization is $114.10 million. The firm’s 50 day moving average price is $11.44 and its 200 day moving average price is $9.99.
Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.65) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.76) by $0.11. During the same period last year, the firm earned ($0.71) EPS. The firm had revenue of $42.06 million for the quarter, compared to analysts’ expectations of $38.15 million. Northwest Pipe’s revenue was down 21.9% compared to the same quarter last year. Equities analysts predict that Northwest Pipe Co. will post ($2.89) EPS for the current fiscal year.
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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