PAMT (NASDAQ:PAMT) Trading 6.3% Higher – What’s Next?

PAMT Corp. (NASDAQ:PAMT) shares rose 6.3% during mid-day trading on Friday . The stock traded as high as $14.10 and last traded at $14.10. 16,607 shares were traded during trading, a decline of 12% from the average session volume of 18,927 shares. The stock had previously closed at $13.26.

Analyst Ratings Changes

A number of analysts have recently commented on PAMT shares. Wall Street Zen cut shares of PAMT from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $13.00.

PAMT Stock Up 6.3%

The business has a fifty day simple moving average of $12.97 and a two-hundred day simple moving average of $11.40. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20. The company has a market cap of $295.30 million, a PE ratio of -6.62 and a beta of 1.06.

PAMT (NASDAQ:PAMT) last released its earnings results on Friday, May 1st. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $141.88 million for the quarter. PAMT had a negative return on equity of 15.16% and a negative net margin of 7.61%.

Institutional Trading of PAMT

Several large investors have recently bought and sold shares of PAMT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in PAMT in the 2nd quarter valued at about $44,000. Russell Investments Group Ltd. grew its position in shares of PAMT by 841.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock valued at $57,000 after purchasing an additional 4,200 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of PAMT in the second quarter valued at approximately $88,000. Strs Ohio purchased a new stake in shares of PAMT in the first quarter valued at approximately $100,000. Finally, Bank of America Corp DE acquired a new stake in shares of PAMT in the second quarter valued at approximately $159,000. Hedge funds and other institutional investors own 22.06% of the company’s stock.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.