Pamt (NASDAQ:PAMT) Trading 3.3% Higher - Still a Buy?

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

Analyst Ratings Changes

Separately, Stephens cut their price objective on shares of Pamt from $19.00 to $16.50 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th.

Pamt Stock Performance

The company's fifty day simple moving average is $13.22. The company has a market cap of $295.49 million, a P/E ratio of -9.29 and a beta of 1.07. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.74.

Pamt (NASDAQ:PAMT - Get Free Report) 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.

About Pamt

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.