Stephens Issues Positive Forecast for Pamt (NASDAQ:PAMT) Stock Price

Pamt (NASDAQ:PAMT - Free Report) had its target price lifted by Stephens from $11.00 to $12.50 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Pamt Stock Up 5.0 %

Shares of Pamt stock traded up $0.69 during trading hours on Monday, hitting $14.60. The company's stock had a trading volume of 30,681 shares, compared to its average volume of 30,094. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 0.74. The firm has a market cap of $318.15 million, a P/E ratio of -10.00 and a beta of 0.95. The firm has a fifty day moving average price of $13.16. Pamt has a 1-year low of $11.01 and a 1-year high of $23.70.

Pamt (NASDAQ:PAMT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.37) earnings per share (EPS) for the quarter. Pamt had a negative net margin of 4.45% and a negative return on equity of 2.58%. The company had revenue of $155.34 million during the quarter. On average, sell-side analysts anticipate that Pamt will post 0.85 earnings per share for the current fiscal year.

About Pamt

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.