PAMT's (PAMT) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• PAMT has had its "sell (D)" rating reiterated by Weiss Ratings, indicating ongoing concerns about the stock's performance.
• Stephens raised their target price for PAMT to $13.00 while maintaining an "equal weight" rating, amidst a broader consensus rating of "Reduce."
• PAMT reported a negative earnings per share of ($0.46) for the last quarter, with a revenue of $151.13 million, highlighting its financial challenges.

PAMT (NASDAQ:PAMT - Get Free Report)'s stock had its "sell (d)" rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

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 research report on Tuesday, July 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PAMT has a consensus rating of "Reduce" and an average price target of $13.00.

PAMT Price Performance

Shares of NASDAQ PAMT opened at $11.06 on Wednesday. The firm has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $12.97. The stock has a market capitalization of $231.49 million, a price-to-earnings ratio of -5.10 and a beta of 0.87. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 1.07. PAMT has a 52 week low of $10.71 and a 52 week high of $23.70.

PAMT (NASDAQ:PAMT - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported ($0.46) EPS for the quarter. The business had revenue of $151.13 million during the quarter. PAMT had a negative net margin of 7.16% and a negative return on equity of 8.41%. On average, equities analysts predict that PAMT will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of PAMT

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in PAMT in the 2nd quarter valued at $44,000. HHM Wealth Advisors LLC purchased a new position in PAMT during the 2nd quarter worth $50,000. JPMorgan Chase & Co. purchased a new position in PAMT during the 2nd quarter worth $88,000. Strs Ohio purchased a new position in PAMT during the 1st quarter worth $100,000. Finally, Bank of America Corp DE purchased a new position in PAMT during the 2nd quarter worth $159,000. Hedge funds and other 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.

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.