PAMT (NASDAQ:PAMT) Announces Quarterly Earnings Results

PAMT (NASDAQ:PAMT) posted its earnings results on Monday. The company reported ($0.38) EPS for the quarter, Zacks reports. PAMT had a negative return on equity of 13.82% and a negative net margin of 7.07%.

PAMT Trading Up 4.5%

NASDAQ PAMT traded up $0.52 on Monday, hitting $12.13. 30,548 shares of the stock were exchanged, compared to its average volume of 21,159. The company’s 50-day moving average price is $11.90 and its two-hundred day moving average price is $11.92. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.32 and a quick ratio of 1.29. PAMT has a 52-week low of $7.15 and a 52-week high of $17.75. The company has a market capitalization of $254.03 million, a price-to-earnings ratio of -5.98 and a beta of 1.15.

Analysts Set New Price Targets

PAMT has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of PAMT in a report on Friday, October 2nd. Wall Street Zen raised PAMT to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About PAMT

P.A.M. Transportation Services, Inc (NASDAQ: PAMT) is a transportation and logistics company that provides truckload freight services primarily in the United States. The company operates a fleet of tractors and trailers and transports general commodities, manufactured goods, automotive parts, and other products for commercial and industrial customers.

Its services include dedicated and irregular-route truckload transportation, expedited freight, logistics support, and freight brokerage.