P.A.M. Transportation Services (NASDAQ:PTSI) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded P.A.M. Transportation Services from a strong sell rating to a hold rating in a research note on Wednesday, December 11th. ValuEngine upgraded P.A.M. Transportation Services from a sell rating to a hold rating in a research note on Tuesday, January 14th.

Shares of P.A.M. Transportation Services stock opened at $51.40 on Tuesday. The firm has a market cap of $297.08 million, a P/E ratio of 11.08 and a beta of 1.62. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.14. P.A.M. Transportation Services has a 12 month low of $41.82 and a 12 month high of $71.56. The stock’s fifty day moving average price is $55.24 and its 200-day moving average price is $56.12.

Institutional investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of P.A.M. Transportation Services by 24.1% during the third quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock valued at $1,473,000 after buying an additional 4,845 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of P.A.M. Transportation Services during the fourth quarter valued at $238,000. First Trust Advisors LP increased its stake in shares of P.A.M. Transportation Services by 8.1% during the third quarter. First Trust Advisors LP now owns 4,310 shares of the transportation company’s stock valued at $255,000 after buying an additional 324 shares during the period. Northern Trust Corp increased its stake in shares of P.A.M. Transportation Services by 0.7% during the second quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock valued at $2,180,000 after buying an additional 234 shares during the period. Finally, UBS Group AG grew its stake in P.A.M. Transportation Services by 27.5% in the fourth quarter. UBS Group AG now owns 2,872 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

P.A.M. Transportation Services Company Profile

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

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