PAMT (NASDAQ:PAMT) Stock Price Down 2% – Here’s Why

PAMT Corp. (NASDAQ:PAMT) shares traded down 2% on Friday . The company traded as low as $11.45 and last traded at $11.98. 8,415 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 13,627 shares. The stock had previously closed at $12.23.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of PAMT from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of PAMT in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PAMT currently has an average rating of “Reduce” and an average target price of $13.00.

PAMT Stock Down 2.0%

The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $9.45 and a 200 day simple moving average of $10.42. The firm has a market capitalization of $250.86 million, a PE ratio of -5.62 and a beta of 0.96.

PAMT (NASDAQ:PAMT) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.46) earnings per share for the quarter. PAMT had a negative net margin of 7.61% and a negative return on equity of 15.16%. The company had revenue of $141.88 million for the quarter.

Institutional Investors Weigh In On PAMT

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of PAMT during the second quarter valued at about $44,000. Russell Investments Group Ltd. grew its stake in shares of PAMT by 841.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock worth $57,000 after purchasing an additional 4,200 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of PAMT in the second quarter worth about $88,000. Strs Ohio purchased a new position in PAMT during the 1st quarter valued at about $100,000. Finally, Bank of America Corp DE purchased a new position in PAMT during the 2nd quarter valued at about $159,000. Institutional investors 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.