Northwest Pipe Co. (NWPX) Stock Price Up 3.8%
Northwest Pipe Co. (NASDAQ:NWPX)’s share price rose 3.8% during trading on Monday . The stock traded as high as $11.88 and last traded at $11.84, with a volume of 112,624 shares changing hands. The stock had previously closed at $11.41.
Separately, Zacks Investment Research upgraded Northwest Pipe from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 4th.
The firm’s market cap is $114.55 million. The company’s 50-day moving average is $11.50 and its 200 day moving average is $10.07.
Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.76) by $0.11. The firm earned $42.06 million during the quarter, compared to analysts’ expectations of $38.15 million. The business’s revenue was down 21.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.71) EPS. 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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