PAMT (NASDAQ:PAMT) Posts Quarterly Earnings Results

PAMT (NASDAQ:PAMT) issued its earnings results on Monday. The company reported ($0.38) earnings per share for the quarter, Zacks reports. PAMT had a negative return on equity of 13.82% and a negative net margin of 7.07%.

PAMT Stock Performance

Shares of NASDAQ PAMT traded up $0.52 during midday trading on Monday, hitting $12.13. 30,548 shares of the company’s stock were exchanged, compared to its average volume of 21,159. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 1.32. PAMT has a 12 month low of $7.15 and a 12 month high of $17.75. The company’s 50 day moving average price is $11.90 and its 200 day moving average price is $11.92. The firm has a market capitalization of $254.03 million, a PE ratio of -5.98 and a beta of 1.15.

Analysts Set New Price Targets

A number of analysts have commented on PAMT shares. Wall Street Zen upgraded shares of PAMT to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings restated a “sell (d-)” rating on shares of PAMT in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

PAMT Company Profile

P.A.M. Transportation Services, Inc (NASDAQ: PAMT) is a transportation and logistics company that provides truckload freight services primarily in the United States. The company operates a fleet of tractors and trailers and transports general commodities, manufactured goods, automotive parts, and other products for commercial and industrial customers.

Its services include dedicated and irregular-route truckload transportation, expedited freight, logistics support, and freight brokerage.