PAM Transportation Services (NASDAQ:PTSI) Stock Price Above 200-Day Moving Average of $35.58
Shares of PAM Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) rose above its 200-day moving average during Friday’s trading. The stock has a 200-day moving average of $35.58 and is trading as low as $36.36. Shares of PAM Transportation Services last traded at $36.01, with volume traded at 46,793 shares.
PAM’s transport services are trading up 0.3%
The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt ratio of 0.87. The company has a market capitalization of $801.76 million, a P/E ratio of 8.35 and a beta of 1.55. The company has a 50-day moving average of $29.41 and a two-hundred-day moving average of $35.58.
Institutional investors weigh on PAM transport services
A number of hedge funds have recently increased or reduced their holdings in PTSI. Russell Investments Group Ltd. increased its holdings of PAM Transportation Services shares by 159.5% in the second quarter. Russell Investments Group Ltd. now owns 6,654 shares of the transportation company valued at $181,000 after purchasing an additional 4,090 shares last quarter. Ellsworth Advisors LLC purchased a new stake in shares of PAM Transportation Services during Q2 for a value of approximately $378,000. Amalgamated Bank bought a new position in PAM Transportation Services in the first quarter worth approximately $32,000. Bank of America Corp DE increased its stake in PAM Transportation Services by 84.0% during the first quarter. Bank of America Corp DE now owns 13,095 shares of the transportation company valued at $455,000 after purchasing an additional 5,980 shares during the period. Finally, California State Teachers Retirement System increased its position in PAM Transportation Services by 58.4% in the first quarter. California State Teachers Retirement System now owns 3,038 shares of the transportation company worth $106,000 after buying 1,120 additional shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s shares.
Company Profile PAM Transportation Services
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PAM Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico and Canada. The company operates a dry van carrier that transports general cargo. Its cargo consists mainly of auto parts; goods shipped; consumer goods, such as general merchandise from retail stores; and manufactured goods, including heaters and air conditioners.
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