Shares of PAMT Corp. (NASDAQ:PAMT - Get Free Report) were up 4% during mid-day trading on Thursday . The stock traded as high as $14.22 and last traded at $14.22. Approximately 2,846 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 12,909 shares. The stock had previously closed at $13.67.
Analysts Set New Price Targets
Separately, Stephens lifted their price target on shares of PAMT from $11.00 to $12.50 and gave the company an "equal weight" rating in a research note on Monday, April 28th.
View Our Latest Research Report on PAMT
PAMT Trading Up 4.0%
The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 1.60. The business's 50 day simple moving average is $13.44. The firm has a market cap of $309.85 million, a PE ratio of -7.73 and a beta of 0.93.
PAMT (NASDAQ:PAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.37) earnings per share (EPS) for the quarter. PAMT had a negative net margin of 5.85% and a negative return on equity of 5.65%. The business had revenue of $155.34 million during the quarter. As a group, equities research analysts predict that PAMT Corp. will post 0.85 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio bought a new position in shares of PAMT in the 1st quarter valued at about $100,000. Rhumbline Advisers bought a new position in shares of PAMT in the 1st quarter valued at about $189,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of PAMT in the 1st quarter valued at about $705,000. Institutional investors own 22.06% of the company's stock.
PAMT Company Profile
(
Get Free Report)
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.
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