PAMT (NASDAQ:PAMT) Trading Up 4% – Time to Buy?

Shares of PAMT Corp. (NASDAQ:PAMT) traded up 4% on Wednesday . The company traded as high as $10.92 and last traded at $10.86. 26,913 shares traded hands during trading, an increase of 26% from the average session volume of 21,298 shares. The stock had previously closed at $10.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAMT in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Price Performance

The stock has a market capitalization of $227.30 million, a PE ratio of -4.26 and a beta of 0.78. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.52.

PAMT (NASDAQ:PAMT) last posted its quarterly earnings results on Friday, October 31st. The company reported ($0.27) EPS for the quarter. The company had revenue of $150.26 million during the quarter. PAMT had a negative return on equity of 12.07% and a negative net margin of 8.81%. As a group, equities analysts forecast that PAMT Corp. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On PAMT

Institutional investors have recently modified their holdings of the stock. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of PAMT in the second quarter valued at approximately $515,000. MAI Capital Management purchased a new position in PAMT during the 2nd quarter worth $740,000. HHM Wealth Advisors LLC bought a new stake in PAMT during the 2nd quarter valued at $50,000. Bridgeway Capital Management LLC lifted its holdings in shares of PAMT by 3.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock worth $2,017,000 after buying an additional 5,797 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of PAMT during the 2nd quarter worth $159,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

About PAMT

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.