PAMT (NASDAQ:PAMT) Shares Up 2% - Should You Buy?

Key Points

• PAMT Corp.'s stock price increased by 2% to $12.57 amid reduced trading volume, with 5,627 shares exchanged which is a 48% decline from its average volume.
• Analysts have raised PAMT's price target from $12.50 to $13.00 and maintain a "Hold" rating, with the stock currently rated as "Hold" overall.
• The company reported a loss of ($0.46) earnings per share in its latest earnings results, with expected EPS for the current year at 0.85.

Shares of PAMT Corp. (NASDAQ:PAMT - Get Free Report) were up 2% during trading on Wednesday . The stock traded as high as $12.57 and last traded at $12.57. Approximately 5,627 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 10,774 shares. The stock had previously closed at $12.32.

Analysts Set New Price Targets

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

PAMT Price Performance

The company's 50-day moving average is $13.03 and its two-hundred day moving average is $13.29. 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 firm has a market cap of $268.74 million, a P/E ratio of -5.92 and a beta of 0.96.

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

Institutional Investors Weigh In On PAMT

Several institutional investors and hedge funds have recently bought and sold shares of the company. EJF Capital LLC bought a new stake in PAMT during the second quarter worth about $322,000. Bridgeway Capital Management LLC bought a new position in shares of PAMT in the second quarter worth about $2,202,000. Bank of America Corp DE bought a new position in shares of PAMT in the second quarter worth about $159,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of PAMT in the second quarter worth about $44,000. Finally, MAI Capital Management bought a new position in shares of PAMT in the second quarter worth about $740,000. Institutional investors own 22.06% of the company's stock.

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.