PAMT (NASDAQ:PAMT) Shares Down 0.6% - Time to Sell?

Key Points

• PAMT Corp. shares fell 0.6% during trading, with a market price range between $10.96 and $11.32 while the previous close was at $11.39.
• A recent analysis from Weiss Ratings issued a "sell" rating, while Stephens raised the target price from $12.50 to $13.00, maintaining an "equal weight" rating.
• PAMT reported a negative EPS of $1.21 for the last quarter and is expected to post 0.85 EPS for the current fiscal year, reflecting financial challenges.

PAMT Corp. (NASDAQ:PAMT - Get Free Report) traded down 0.6% during trading on Friday . The company traded as low as $10.96 and last traded at $11.32. 5,357 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 8,973 shares. The stock had previously closed at $11.39.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a "sell (d)" rating on shares of PAMT in a research note on Wednesday, October 8th. Stephens increased their target price on PAMT from $12.50 to $13.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $13.00.

PAMT Price Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.77 and a quick ratio of 1.75. The company has a market capitalization of $236.93 million, a PE ratio of -5.22 and a beta of 0.87. The firm has a 50-day moving average of $11.99 and a 200 day moving average of $12.90.

PAMT (NASDAQ:PAMT - Get Free Report) last released its quarterly earnings data on Wednesday, January 19th. The company reported $1.21 EPS for the quarter. PAMT had a negative return on equity of 8.41% and a negative net margin of 7.16%.The company had revenue of $142.75 million for the quarter. As a group, research analysts anticipate that PAMT Corp. will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC purchased a new position in PAMT in the second quarter worth about $2,202,000. Geode Capital Management LLC purchased a new position in PAMT in the second quarter worth about $1,912,000. Goldman Sachs Group Inc. purchased a new position in PAMT in the first quarter worth about $705,000. MAI Capital Management purchased a new position in PAMT in the second quarter worth about $740,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in PAMT in the second quarter worth about $515,000. 22.06% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.