PERMA PIPE INTERNATIONAL HOLDINGS (PPIH)
Industrials · Specialty piping systems and industrial coatings · NASDAQ
Specialty piping and coating manufacturer serving district energy, hazardous fluid containment, and oil and gas pipeline infrastructure with insulation, corrosion protection, and leak detection technologies.
What PERMA PIPE INTERNATIONAL HOLDINGS does
Perma-Pipe International manufactures and sells specialty piping systems and leak detection systems for industrial and infrastructure applications. The company produces insulated and jacketed district heating/cooling piping, primary and secondary containment piping for hazardous fluids and petroleum, anti-corrosion coatings for oil and gas pipelines, and monitoring systems to detect fluid intrusion and environmental contamination. Products serve energy distribution, chemical transport, and oil and gas infrastructure markets.
Themes: District heating and cooling infrastructure, Hazardous fluid containment, Oil and gas pipeline infrastructure, Corrosion protection coatings, Environmental monitoring and leak detection
Fundamentals
- Price$27.61 as of 2026-08-21 close
- Market cap$224M as of 2026-08-21
- 1-year return+0.8% 2025-08-21 close $27.40 → 2026-08-21 close $27.61
- P/E15.68 as of 2026-08-24
- Net margin+6.5% as of 2026-08-24
- Gross margin+31.4% as of 2026-08-24
- ROE+15.9% as of 2026-08-24
- Debt / equity0.41 as of 2026-08-24
- Revenue growth (YoY)+25.6% as of 2026-08-24
- Revenue CAGR (3y)-6.1% SEC XBRL
- Beta0.65 as of 2026-08-24
- Last reported earnings2026-06-09 SEC EDGAR Form 8-K (Item 2.02)
How PPIH compares in its sector
- price-to-earnings ratiobottom 25% 357 covered Industrials peers, as of 2026-08-24
- net profit marginmiddle range 457 covered Industrials peers, as of 2026-08-24
- operating marginmiddle range 457 covered Industrials peers, as of 2026-08-24
- gross marginmiddle range 455 covered Industrials peers, as of 2026-08-24
- return on equitymiddle range 460 covered Industrials peers, as of 2026-08-24
- 3-year revenue CAGRbottom 25% 426 covered Industrials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 414 covered Industrials peers, as of FY2026
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How PERMA PIPE INTERNATIONAL HOLDINGS looks technically
PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) is trading 6.0% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 27 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 62, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-06-26, pushing above its recent trading range. It is 24.8% below its highest point of the past year. Trading volume is running unusually high — about 2.3× its 30-day average, a sign of heightened interest.
Trend
8
| Distance from the 200-day | it is trading 6.0% below its 200-day average, the long-term trend line — a long-term downtrend | -6.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $26.04 | $26.04 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $29.38 | $29.38 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 23.04. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 27 trading days ago — a "death cross", a bearish long-term signal | 27 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend | 16.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 62, neither overbought (above 70) nor oversold (below 30) | 62.0 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($24.63 to $28.34) — its "stochastic" reading is 80 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 80.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 27 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $36.72 | $36.72 |
|---|---|---|
| From the 52-week high | it is 24.8% below its 52-week high (its highest price of the past year) | -24.8% |
| Above the 52-week low | it is 25.7% above its 52-week low (its lowest price of the past year) | +25.7% |
| Below the 52-week high | it is 24.8% below its highest point of the past year | 24.8% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-06-26, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day low about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $36.72 (set on 2026-04-16) | $36.72 |
| Given back of the 52-week move | over the past year its closes ranged ($22.43 to $35.29), and it has given back a bit over half of its rise from last year’s low — 60% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $26.93 to $27.34. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 59.7% |
| From the all-time high | it is 24.8% below its all-time high | -24.8% |
| Nearest price level | it is sitting right on a support level at $27.57 — a price it turned at three times since 2025-10-10, most recently on 2026-03-19. Since 2024-08-21 it has 11 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.1% |
| All-time low | its lowest closing price on record is $1.20 (set on 2002-12-30) | $1.20 |
| Above the all-time low | it is 2200.8% above its all-time low | +2,201% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 43rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.03 between its high and its low — about 3.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.03 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $23.76 and $27.96 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $23.76 – $25.86 – $27.96 |
| Typical daily range (% of price) | its price moves about 3.7% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.7% |
| Stretch from the 200-day average | it is trading 1.7 daily ranges below its 200-day average price (6.0% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.7 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 2.3× its 30-day average, a sign of heightened interest | 2.29× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 3 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 3 sessions ago |
|---|---|---|
| Since a hammer | 2 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 2 sessions ago |
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.9% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +0.9% |
|---|---|---|
| Open gap | it gapped 2.2% above the previous close 16 sessions ago and has not traded back through the level it left behind at 23.23 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.1% |
| Gap filled | a 2.1% gap up opened on 2026-08-13 has been "filled" 6 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 6 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +4.86% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 4.9 percentage points (the stock gained 7.3% while the market gained 2.3%) | +4.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 15.0 percentage points (the stock lost 11.9% while the market gained 3.1%) | -15.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 29.4 percentage points (the stock lost 18.4% while the market gained 11.1%) | -29.4% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 19.7 percentage points (the stock gained 0.8% while the market gained 20.5%) | -19.7% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-15 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is thick, spanning 8.8% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $29.40 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | -6.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% above the average price paid since it last reported on 2026-06-09 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $26.29 — a volume-weighted average of daily closes over 51 sessions, not a true tick-by-tick VWAP. | +5.0% |
Price levels it has turned at before
PPIH last closed at $27.61 on 2026-08-21. Since 2024-08-21 it has turned at 11 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $27.57 | Support | 0.1% below the last close | turned there three times · 2025-10-10 to 2026-03-19 |
| $28.43 | Resistance | 3.0% above the last close | turned there twice · 2025-09-02 to 2026-01-29 |
| $26.29 | Support | 4.8% below the last close | turned there twice · 2025-10-30 to 2026-07-27 |
| $29.09 | Resistance | 5.4% above the last close | turned there three times · 2025-11-10 to 2026-06-18 |
| $29.80 | Resistance | 7.9% above the last close | turned there five times · 2025-10-24 to 2026-06-01 |
| $24.36 | Support | 11.8% below the last close | turned there three times · 2025-06-26 to 2026-07-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $23.04.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This labelling was already in place when we began recording count changes on 2026-08-12, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · Pulled back from the 12-month high · Unusually heavy trading volume · Broke out to a new 20-day high · Broke out to a new 20-day high on heavy volume | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$32.00 range $32.00 – $32.00
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Fluctuations in oil and natural gas prices materially impact customer order volume and demand for the company's products","Supply chain and raw material cost volatility; ability to maintain supplier relationships and favorable pricing directly affects profitability","Timing and execution risks on large contracts; reductions or cancellations of backlog orders; aggressive pricing competition from existing and new competitors"]
What changed in the latest 10-Q
AI-assisted comparison of PPIH's 10-Q filed 2026-06-09 against the prior one filed 2025-12-12.
Management's Discussion & Analysis (MD&A)
- Added:
- New line item 'Item 1. Legal Proceedings' added in Part II Other Information (newer filing, filed 2026-06-09)
- New 'Supplement' section heading appears at end of cash flows statement (newer filing, filed 2026-06-09)
- New debt line item 'Short-term borrowings and current maturities of long-term debt' in balance sheet current liabilities (newer filing, filed 2026-06-09)
- Removed:
- Nine Months Ended October 31 comparative columns removed from statements of operations and comprehensive income (older filing had nine-month data; newer filing shows only three months)
- Treasury Stock column removed from stockholders' equity statement (older filing had treasury stock; newer filing does not)
- Long-term finance obligations line item not present in older filing balance sheet (added in newer filing, filed 2026-06-09)
- Reworded:
- Statement header changed from 'CONSOLIDATED STATEMENTS' to 'CONDENSED CONSOLIDATED STATEMENTS' (newer filing, filed 2026-06-09)
- Debt line item renamed from 'Current maturities of long-term debt' in older to combined 'Short-term borrowings and current maturities of long-term debt' in newer (filed 2026-06-09)
- Prepaid expenses line item changed to include 'and other current assets' in older filing but separated in newer filing (filed 2026-06-09)
- Notes:
- The two filings report different fiscal periods (three months ended April 30, 2026 vs. three months ended October 31, 2025), limiting direct comparability
- The older filing includes nine-month and year-to-date comparative data while newer filing shows only quarterly data
- Balance sheet dates differ (April 30, 2026 vs. October 31, 2025), reflecting different reporting periods
- Older filing shows consolidated statements while newer shows condensed consolidated statements, which may reflect presentation format differences
Risk Factors
- Added:
- Newer filing describes fiscal year 2026 ending January 31, 2027 and fiscal year 2025 ended January 31, 2026 (versus older filing describing fiscal year 2026 ending January 31, 2026 and fiscal year 2025 ended January 31, 2025)
- Newer filing references 'Condensed Consolidated Financial Statements' versus older filing references 'consolidated financial statements'
- Newer filing reports three months ended April 30, 2026 and 2025 data (versus older filing reporting three months ended October 31, 2025 and 2024)
- Newer filing includes detailed discussion of new JPMorgan Chase Credit Agreement entered April 8, 2026, replacing PNC Credit Facility
- Newer filing mentions reclassification of $11.1 million from current to long-term liabilities related to new J.P. Morgan Chase Credit Agreement
- Newer filing reports $0.6 million net interest expense attributable to increase in debt
- Newer filing describes general and administrative expense increase due to transition from non-accelerated filer to accelerated filer and related Sarbanes-Oxley 404 compliance costs
- Newer filing describes gross profit decrease due to start-up and ramp-up costs of new Ohio manufacturing facility and project ramp-up costs in Qatar
- Newer filing reports effective tax rate of 34% for three months ended April 30, 2026
- Newer filing includes separate debt schedule showing April 30, 2026 and January 31, 2026 balances with detailed line items
- Removed:
- Older filing included nine months ended October 31, 2025 and 2024 comparative data (not present in newer filing)
- Older filing's discussion of one-time executive compensation acceleration charge of approximately $2.0 million (not applicable to newer period)
- Older filing's discussion of reduced interest rates during the year (not present in newer filing discussion)
- Reworded:
- Newer filing describes gross profit decrease as 'primarily attributable to product mix across various jurisdictions, particularly in Canada due to seasonal factors' versus older filing's explanation of increase 'driven primarily by increased volume of activity'
- Newer filing states 'Net interest expense was $0.6 million and $0.4 million' for two periods versus older filing stating 'Net interest expense remained consistent and was $0.5 million'
- Newer filing's description of operating cash flow factors differs from older filing; newer emphasizes 'favorable changes in operating assets and liabilities' while older emphasizes 'net income, customer deposits, and changes in accounts payable'
- Notes:
- The two filings cover different fiscal periods (Q3 fiscal 2026 in newer versus Q3 fiscal 2025 in older), making period-to-period comparisons necessarily different
- Newer filing is truncated and appears to end mid-sentence regarding debt facility discussion, potentially missing additional information
- Older filing included nine months data which newer filing does not contain, limiting direct comparison scope
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for PPIH — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding PPIH as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 320,034
- Reported value $9,540,213
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
PPIH had 329,885 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
PPIH had 4.06% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.82 days to cover at the same settlement.
- Reported short interest (shares) 329,885
- Short interest (% of shares outstanding) 4.06%
- Prior settlement (shares) 330,153
- Reported change -0.08%
- Days to cover (reported) 4.82
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Pentair (PNR)
- Aalberts Industries
- Watts Water Technologies (WTS)
- Flowserve
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare PPIH vs…
Frequently asked questions
What does PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) do?
Perma-Pipe International manufactures and sells specialty piping systems and leak detection systems for industrial and infrastructure applications. The company produces insulated and jacketed district heating/cooling piping, primary and secondary containment piping for hazardous fluids and petroleum, anti-corrosion coatings for oil and gas pipelines, and monitoring systems to detect fluid intrusion and environmental contamination.
What sector is PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) in?
PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) is classified in the Industrials sector. Its industry is Specialty piping systems and industrial coatings. It trades on NASDAQ.
Who are PERMA PIPE INTERNATIONAL HOLDINGS's (PPIH) competitors?
Notable peers of PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) include Pentair, Aalberts Industries, Watts Water Technologies and Flowserve. This peer set is informational only — not financial advice.
Is PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) overbought or oversold right now?
PERMA PIPE INTERNATIONAL HOLDINGS (PPIH) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 62, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on PPIH come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.