PAMT (NASDAQ:PAMT) Trading Down 0.4% – Here’s What Happened

PAMT Corp. (NASDAQ:PAMT) shares dropped 0.4% during mid-day trading on Monday . The company traded as low as $7.96 and last traded at $8.02. Approximately 13,925 shares changed hands during trading, a decline of 34% from the average daily volume of 21,123 shares. The stock had previously closed at $8.05.

Wall Street Analysts Forecast Growth

PAMT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAMT in a report on Monday, December 29th. Wall Street Zen upgraded shares of PAMT to a “hold” rating in a research report on Saturday, February 21st. 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, the stock has a consensus rating of “Reduce” and a consensus target price of $13.00.

PAMT Stock Down 0.4%

The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $11.20 and a two-hundred day simple moving average of $11.09. The firm has a market cap of $167.86 million, a PE ratio of -3.21 and a beta of 0.79.

PAMT (NASDAQ:PAMT) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $141.32 million during the quarter. PAMT had a negative return on equity of 13.58% and a negative net margin of 8.80%. Analysts expect that PAMT Corp. will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of PAMT during the second quarter worth approximately $44,000. HHM Wealth Advisors LLC purchased a new stake in shares of PAMT in the 2nd quarter valued at $50,000. Russell Investments Group Ltd. grew its holdings in shares of PAMT by 841.7% during the 4th 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 during the last quarter. JPMorgan Chase & Co. bought a new position in shares of PAMT during the 2nd quarter valued at $88,000. Finally, Strs Ohio purchased a new position in PAMT in the 1st quarter worth $100,000. 22.06% of the stock is currently owned by institutional investors.

PAMT Company Profile

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.