PAMT (NASDAQ:PAMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PAMT (NASDAQ:PAMT) to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings upgraded PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $13.00.

PAMT Stock Down 7.9%

NASDAQ PAMT opened at $13.67 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20. PAMT has a 1-year low of $7.15 and a 1-year high of $16.50. The company has a 50 day moving average of $13.46 and a 200-day moving average of $11.47. The company has a market cap of $286.25 million, a price-to-earnings ratio of -6.42 and a beta of 1.06.

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

Institutional Trading of PAMT

Several large investors have recently made changes to their positions in the company. Strs Ohio bought a new position in PAMT in the first quarter valued at approximately $100,000. Rhumbline Advisers bought a new stake in PAMT during the first quarter worth $189,000. Geode Capital Management LLC bought a new stake in PAMT during the second quarter worth $1,912,000. JPMorgan Chase & Co. acquired a new stake in shares of PAMT in the 2nd quarter valued at $88,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of PAMT in the 2nd quarter valued at $44,000. Institutional investors and hedge funds 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.