PAMT (NASDAQ:PAMT) Trading Up 0.7% – Time to Buy?

PAMT Corp. (NASDAQ:PAMT) traded up 0.7% during trading on Thursday . The stock traded as high as $10.87 and last traded at $10.77. 15,401 shares were traded during trading, a decline of 26% from the average session volume of 20,802 shares. The stock had previously closed at $10.70.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PAMT in a research note on Monday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PAMT has a consensus rating of “Reduce” and a consensus price target of $13.00.

PAMT Stock Up 0.7%

The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $10.26 and a 200-day simple moving average of $11.81. The firm has a market cap of $225.42 million, a P/E ratio of -4.22 and a beta of 0.83.

PAMT (NASDAQ:PAMT) last posted its quarterly earnings data on Friday, October 31st. The company reported ($0.27) EPS for the quarter. The company had revenue of $150.26 million during the quarter. PAMT had a negative return on equity of 12.07% and a negative net margin of 8.81%. On average, equities analysts anticipate that PAMT Corp. will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On PAMT

A number of hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of PAMT in the first quarter worth $100,000. Rhumbline Advisers purchased a new stake in PAMT in the 1st quarter worth $189,000. Goldman Sachs Group Inc. bought a new stake in PAMT during the first quarter valued at about $705,000. NJ State Employees Deferred Compensation Plan bought a new stake in PAMT during the second quarter valued at about $515,000. Finally, Geode Capital Management LLC purchased a new position in shares of PAMT in the second quarter valued at about $1,912,000. 22.06% of the stock is currently owned by institutional investors.

PAMT Company Profile

PAMT Corp. is a holding company, which engages in the provision of truckload and logistics services through its subsidiaries. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.