PAMT (NASDAQ:PAMT) Stock Price Up 4% – What’s Next?

PAMT Corp. (NASDAQ:PAMT)’s share price traded up 4% during trading on Wednesday . The stock traded as high as $10.92 and last traded at $10.86. 26,913 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 21,298 shares. The stock had previously closed at $10.44.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PAMT in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PAMT currently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Price Performance

The firm’s 50-day moving average is $10.95 and its two-hundred day moving average is $11.52. The company has a market cap of $227.30 million, a P/E ratio of -4.26 and a beta of 0.78. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.77.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAMT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in PAMT during the second quarter worth approximately $44,000. HHM Wealth Advisors LLC bought a new position in shares of PAMT during the 2nd quarter valued at approximately $50,000. JPMorgan Chase & Co. bought a new position in shares of PAMT during the 2nd quarter valued at approximately $88,000. Strs Ohio purchased a new stake in PAMT during the 1st quarter valued at $100,000. Finally, Bank of America Corp DE bought a new stake in PAMT in the second quarter worth $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.