PAMT (NASDAQ:PAMT) Stock Price Down 2.4% - Should You Sell?

Key Points

• PAMT shares fell 2.4% to $11.57 in Wednesday trading, with volume 34% above the average session level.
• Analyst sentiment is bearish: PAMT has an average rating of “Sell”, including a recent “sell (D-)” rating and a “hold” upgrade from another firm.
• The company reported a $0.36 quarterly loss per share on $164.65 million in revenue, alongside negative net margins and return on equity; institutional investors own 22.06% of the stock.

PAMT Corp. (NASDAQ:PAMT - Get Free Report)'s share price dropped 2.4% during trading on Wednesday. The stock traded as low as $11.15 and last traded at $11.57. 37,406 shares traded hands during trading, an increase of 34% from the average session volume of 27,898 shares. The stock had previously closed at $11.85.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PAMT shares. Wall Street Zen raised shares of PAMT to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings reissued a "sell (d-)" rating on shares of PAMT in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of "Sell".

PAMT Stock Performance

The stock has a fifty day moving average price of $12.40 and a 200 day moving average price of $12.46. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 1.32. The firm has a market cap of $242.28 million, a price-to-earnings ratio of -5.70 and a beta of 1.15.

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

Institutional Trading of PAMT

Institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in PAMT in the 2nd quarter valued at $1,273,000. BlackRock Inc. acquired a new position in PAMT during the 2nd quarter worth $6,220,000. Deutsche Bank AG acquired a new position in PAMT during the 2nd quarter worth $67,000. Bank of New York Mellon Corp bought a new stake in PAMT during the second quarter valued at about $172,000. Finally, GSA Capital Partners LLP bought a new stake in PAMT during the second quarter valued at about $175,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

PAMT Company Profile

P.A.M. Transportation Services, Inc NASDAQ: PAMT is a truckload transportation and logistics company headquartered in Tontitown, Arkansas. Through its operating subsidiaries, the company provides freight transportation services primarily using dry van equipment, moving general commodities for manufacturers, retailers, distributors and other commercial customers.

The company offers a range of transportation solutions, including irregular-route, dedicated and expedited services, as well as logistics and brokerage activities.

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