Perma-Pipe International (PPIH) Announces Quarterly Earnings Results
Perma-Pipe International (NASDAQ:PPIH) posted its quarterly earnings data on Tuesday. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Perma-Pipe International had a negative return on equity of 14.47% and a negative net margin of 6.87%.
PPIH stock opened at $9.20 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.15. Perma-Pipe International has a 12-month low of $8.00 and a 12-month high of $10.43.
In related news, CFO Karl J. Schmidt sold 13,422 shares of Perma-Pipe International stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $9.03, for a total value of $121,200.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Wayne Bosch sold 3,682 shares of Perma-Pipe International stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $9.03, for a total value of $33,248.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,752 shares of company stock worth $215,006. 9.90% of the stock is currently owned by insiders.
Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping, and leak detection and location systems. It offers various piping systems, including industrial and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products; insulated and jacketed piping systems for district heating and cooling; and coating and/or insulation of oil and gas gathering flow and long lines for oil and mineral transportation.
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