PAM Transportation Services (NASDAQ:PTSI) Stock Price Crosses Above the 200-Day Moving Average of $35.06


Shares of PAM Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) topped their two-hundred-day moving average during Monday’s trading. The stock has a two-hundred-day moving average of $35.06 and is trading as low as $36.97. Shares of PAM Transportation Services last traded at $35.98, with volume traded at 57,527 shares.

PAM transport services are trading down 3.1%

The stock has a market capitalization of $801.24 million, a P/E ratio of 8.34 and a beta of 1.55. The stock has a 50-day moving average price of $30.30 and a 200-day moving average price of $35.06. The company has a debt ratio of 0.75, a quick ratio of 1.77 and a current ratio of 1.79.

Institutional investors weigh on PAM transport services

Major investors have recently changed their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of PAM Transportation Services to 98.2% in Q1. Dimensional Fund Advisors LP now owns 1,446,756 shares of the transportation company valued at $50,276,000 after purchasing an additional 716,798 shares during the period. Renaissance Technologies LLC increased its stake in the shares of PAM Transportation Services by 94.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,245,808 shares of the transportation company valued at $43,292,000 after purchasing an additional 603,798 shares during the period. BlackRock Inc. increased its stake in shares of PAM Transportation Services to 97.9% in Q1. BlackRock Inc. now owns 514,567 shares of the transportation company valued at $17,883,000 after purchasing an additional 254,574 shares during the period. Vanguard Group Inc. increased its stake in shares of PAM Transportation Services by 96.0% in the 1st quarter. Vanguard Group Inc. now owns 296,876 shares of the transportation company valued at $10,316,000 after purchasing an additional 145,392 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in the shares of PAM Transportation Services by 74.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 131,154 shares of the transportation company valued at $4,558,000 after purchasing an additional 56,182 shares during the period. 11.38% of the shares are currently held by institutional investors.

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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