PAMT (NASDAQ:PAMT) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• PAMT shares rose above their 200-day moving average, reaching $12.49 before last trading at $12.13, compared with the moving average of $11.92.
• Analyst sentiment remains weak: one analyst rates the stock Sell, another rates it Hold, and MarketBeat reports a consensus rating of Sell.
• The company reported a quarterly loss of $0.38 per share, alongside a negative net margin of 7.07% and negative return on equity of 13.82%; institutional investors own 22.06% of shares.

PAMT Corp. (NASDAQ:PAMT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $11.92 and traded as high as $12.49. PAMT shares last traded at $12.13, with a volume of 30,548 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of PAMT in a research note on Friday, October 2nd. Wall Street Zen raised 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 company has a consensus rating of "Sell".

PAMT Price Performance

The company has a market cap of $254.00 million, a P/E ratio of -5.98 and a beta of 1.15. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.29 and a current ratio of 1.32. The firm has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $11.92.

PAMT (NASDAQ:PAMT - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported ($0.38) earnings per share (EPS) for the quarter. PAMT had a negative net margin of 7.07% and a negative return on equity of 13.82%.

Institutional Trading of PAMT

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of PAMT in the second quarter worth $6,220,000. Empowered Funds LLC purchased a new stake in PAMT in the second quarter valued at approximately $1,273,000. GSA Capital Partners LLP purchased a new stake in PAMT in the second quarter valued at approximately $175,000. Bank of New York Mellon Corp bought a new stake in PAMT during the second quarter valued at approximately $172,000. Finally, Deutsche Bank AG bought a new stake in PAMT during the second quarter valued at approximately $67,000. Institutional investors own 22.06% of the company's stock.

PAMT Company Profile

P.A.M. Transportation Services, Inc NASDAQ: PAMT is a transportation and logistics company that provides truckload freight services primarily in the United States. The company operates a fleet of tractors and trailers and transports general commodities, manufactured goods, automotive parts, and other products for commercial and industrial customers.

Its services include dedicated and irregular-route truckload transportation, expedited freight, logistics support, and freight brokerage.

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