PAMT Corp. (NASDAQ:PAMT - Get Free Report) shares 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 were traded during trading, a decline of 78% from the average daily volume of 12,909 shares. The stock had previously closed at $13.67.
Wall Street Analyst Weigh In
Separately, Stephens upped their price objective 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.
Check Out Our Latest Report on PAMT
PAMT Stock Down 5.4%
The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.60 and a current ratio of 1.61. The stock has a market capitalization of $293.08 million, a price-to-earnings ratio of -7.31 and a beta of 0.93. The firm's 50 day moving average is $13.44.
PAMT (NASDAQ:PAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.37) EPS for the quarter. PAMT had a negative return on equity of 5.65% and a negative net margin of 5.85%. The company had revenue of $155.34 million for the quarter. On average, analysts forecast that PAMT Corp. will post 0.85 earnings per share for the current year.
Hedge Funds Weigh In On PAMT
Several institutional investors and hedge funds have recently bought and sold shares of PAMT. Strs Ohio acquired a new stake in shares of PAMT in the first quarter worth $100,000. Rhumbline Advisers purchased a new position in PAMT in the first quarter valued at about $189,000. Finally, Goldman Sachs Group Inc. bought a new position in PAMT during the 1st quarter worth approximately $705,000. Institutional investors and hedge funds 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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