PAMT (NASDAQ:PAMT) Stock Price Up 0.4% - What's Next?

Key Points

• PAMT Corp. (NASDAQ:PAMT) shares increased by 0.4% in trading, reaching a high of $12.99 before settling at $12.59, with a volume of 8,968 shares traded—17% above the average.
• Analysts at Stephens raised their target price for PAMT from $12.50 to $13.00, maintaining an "equal weight" rating, while the stock overall has an average rating of "Hold."
• PAMT reported a loss of ($0.46) earnings per share for the most recent quarter and generated revenue of $151.13 million, with expectations for a total of 0.85 EPS for the current fiscal year.

Shares of PAMT Corp. (NASDAQ:PAMT - Get Free Report) rose 0.4% during trading on Wednesday . The stock traded as high as $12.99 and last traded at $12.59. Approximately 8,968 shares changed hands during trading, an increase of 17% from the average daily volume of 7,667 shares. The stock had previously closed at $12.54.

Analyst Ratings Changes

Separately, Stephens increased their target price on shares of PAMT from $12.50 to $13.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, PAMT currently has a consensus rating of "Hold" and an average price target of $13.00.

PAMT Stock 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 stock has a market cap of $259.32 million, a PE ratio of -5.71 and a beta of 0.86. The business has a 50 day moving average price of $12.64 and a two-hundred day moving average price of $13.08.

PAMT (NASDAQ:PAMT - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $151.13 million for the quarter. PAMT had a negative net margin of 7.16% and a negative return on equity of 8.41%. As a group, equities research analysts forecast that PAMT Corp. will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On PAMT

A number of large investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC purchased a new position in shares of PAMT during the second quarter valued at approximately $2,202,000. Geode Capital Management LLC bought a new stake in PAMT in the second quarter valued at $1,912,000. Goldman Sachs Group Inc. purchased a new position in PAMT during the 1st quarter valued at $705,000. MAI Capital Management bought a new position in PAMT in the 2nd quarter worth $740,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in PAMT in the 2nd quarter worth $515,000. 22.06% of the stock is currently owned by institutional investors.

About PAMT

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.