On 12/8/23, Perma-Pipe International Holding (NASDAQ: PPIH) stock enjoyed a major increase of 13.9%, closing at $7.93. Moreover, this advance was accompanied by exceptionally high trading volume at 607% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 24.9% 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 D (Negative). 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 49 but a poor Power Rating of 17, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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