Pamt (NASDAQ:PAMT) Trading 3.3% Higher – Here’s What Happened

Pamt Corp (NASDAQ:PAMT) shares shot up 3.3% during trading on Wednesday . The company traded as high as $13.70 and last traded at $13.59. 51,341 shares changed hands during trading, an increase of 89% from the average session volume of 27,184 shares. The stock had previously closed at $13.16.

Analysts Set New Price Targets

Separately, Stephens decreased their target price on Pamt from $19.00 to $16.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th.

Pamt Stock Up 2.9 %

The stock has a market capitalization of $296.79 million, a PE ratio of -9.33 and a beta of 1.07. 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 stock has a 50-day simple moving average of $13.26.

Pamt (NASDAQ:PAMT) last issued its earnings results on Tuesday, February 11th. The company reported ($0.36) earnings per share for the quarter. Pamt had a negative net margin of 4.45% and a negative return on equity of 2.58%. Analysts predict that Pamt Corp will post 0.85 EPS for the current fiscal year.

Pamt Company Profile

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.