P.A.M. Transportation Services (NASDAQ:PTSI) posted its earnings results on Monday, April 15th. The transportation company reported $0.99 earnings per share for the quarter, MarketWatch Earnings reports. P.A.M. Transportation Services had a net margin of 5.70% and a return on equity of 23.54%. The business had revenue of $128.69 million for the quarter.
Shares of NASDAQ PTSI traded down $1.45 during midday trading on Wednesday, reaching $47.06. The company’s stock had a trading volume of 985 shares, compared to its average volume of 5,785. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.00. P.A.M. Transportation Services has a fifty-two week low of $34.31 and a fifty-two week high of $70.00. The company has a market capitalization of $278.60 million, a PE ratio of 10.21 and a beta of 1.75.
A number of brokerages have commented on PTSI. BidaskClub raised shares of P.A.M. Transportation Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Stifel Nicolaus began coverage on shares of P.A.M. Transportation Services in a report on Tuesday, April 23rd. They set a “hold” rating and a $58.00 target price on the stock. Finally, ValuEngine upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.
A hedge fund recently raised its stake in P.A.M. Transportation Services stock. Geode Capital Management LLC lifted its position in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,058 shares of the transportation company’s stock after buying an additional 988 shares during the quarter. Geode Capital Management LLC owned about 0.44% of P.A.M. Transportation Services worth $1,026,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.51% of the company’s stock.
About P.A.M. Transportation Services
P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.
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