PAMT (NASDAQ:PAMT) Shares Down 0.2% - What's Next?

Key Points

• PAMT shares slipped 0.2% to $12.02, with trading volume rising 180% above the average session. The stock remains below its 50-day moving average of $14.11 but near its 200-day average of $11.95.
• Analyst sentiment remains weak: one analyst rates PAMT “Sell,” and MarketBeat reports an average rating of “Sell,” despite recent upgrades from Weiss Ratings and Wall Street Zen.
• The company reported a quarterly loss of $0.36 per share on $164.65 million in revenue, alongside a negative net margin of 7.07% and negative return on equity of 13.82%. Institutional investors own 22.06% of PAMT shares.

PAMT Corp. (NASDAQ:PAMT - Get Free Report) shares traded down 0.2% on Friday . The company traded as low as $11.79 and last traded at $12.02. Approximately 61,008 shares were traded during trading, an increase of 180% from the average session volume of 21,813 shares. The stock had previously closed at $12.04.

Wall Street Analyst Weigh In

PAMT has been the subject of several recent research reports. Weiss Ratings upgraded shares of PAMT from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of PAMT to a "hold" rating in a report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

PAMT Trading Down 0.2%

The company has a market cap of $251.70 million, a price-to-earnings ratio of -5.92 and a beta of 1.03. The firm has a 50 day moving average price of $14.11 and a two-hundred day moving average price of $11.95. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 1.32.

PAMT (NASDAQ:PAMT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.36) earnings per share (EPS) for the quarter. PAMT had a negative return on equity of 13.82% and a negative net margin of 7.07%.The company had revenue of $164.65 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of PAMT in the 2nd quarter valued at $44,000. Russell Investments Group Ltd. raised its stake in PAMT by 841.7% during the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company's stock worth $57,000 after buying an additional 4,200 shares during the last quarter. Deutsche Bank AG bought a new position in PAMT during the second quarter worth $67,000. JPMorgan Chase & Co. acquired a new position in PAMT in the second quarter valued at $88,000. Finally, Strs Ohio acquired a new position in PAMT in the first quarter valued at $100,000. Institutional investors and hedge funds own 22.06% of the company's stock.

PAMT Company Profile

PAM Transportation Services, Inc NASDAQ: PAMT is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT's freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.

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