PAMT Corp. (NASDAQ:PAMT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $11.92 and traded as high as $12.49. PAMT shares last traded at $12.13, with a volume of 30,548 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on PAMT shares. Weiss Ratings downgraded PAMT from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Wall Street Zen upgraded PAMT to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, PAMT presently has an average rating of “Sell”.
Get Our Latest Research Report on PAMT
PAMT Trading Up 4.1%
The company has a debt-to-equity ratio of 1.32, a current ratio of 1.32 and a quick ratio of 1.29. The firm’s fifty day moving average is $11.94 and its two-hundred day moving average is $11.92. The firm has a market capitalization of $259.26 million, a PE ratio of -5.79 and a beta of 0.99.
PAMT (NASDAQ:PAMT – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.38) EPS for the quarter. PAMT had a negative net margin of 7.33% and a negative return on equity of 15.53%. The firm had revenue of $162.55 million during the quarter.
Hedge Funds Weigh In On PAMT
Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in PAMT during the second quarter worth $6,220,000. Empowered Funds LLC purchased a new position in PAMT in the second quarter worth $1,273,000. GSA Capital Partners LLP bought a new position in PAMT in the 2nd quarter valued at $175,000. Bank of New York Mellon Corp bought a new position in PAMT in the 2nd quarter valued at $172,000. Finally, Deutsche Bank AG bought a new position in PAMT in the 2nd quarter valued at $67,000. 22.06% of the stock is owned by institutional investors.
About PAMT
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.
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