It is currently trading at $27.97 significantly higher than $23.57, the 50 day moving average and a great deal higher than the 200 day moving average of $19.22. The 50 day moving average went up by +18.67% and the 200 day average moved up $8.75. Trading volume for P.A.M. Transportation Services, was 401 by the end of trading on Tuesday. Volume was down 98.34% under the stocks average daily volume.
Investors are a little more bullish on shares of the company lately considering the decrease in short interest. The stock had a fall in short interest between September 15, 2017 and September 29, 2017 of -26.49%. Short shares fell from 27,846 to 20,469 over that timeframe. With short interest at 20,469 and short average daily volume at 13,483, days to cover is 2.0 and the percentage of shorted shares is 0.00% as of September 29.
Here are a few substantial investment firms who have updated their positions. Ubs Group Ag bolstered its investment by buying 1,102 shares an increase of 1,281.4% as of 06/30/2017. Ubs Group Ag claims 1,188 shares with a value of $23,000. The total value of its holdings increased 2,200.0%. As of quarter end Kernodle & Katon Asset Management Group, LLC had sold a total of 1,468 shares trimming its stake by 3.2%. The value of the investment in (PTSI) went from $910,000 to $717,000 a change of $193,000 quarter over quarter.
As of the end of the quarter Acadian Asset Management LLC had disposed of 6,339 shares trimming its holdings by 80.7%. The value of the investment in PTSI decreased from $128,000 to $36,000 a change of 71.9% for the reporting period. As of quarter end Horrell Capital Management, Inc. had bought a total of 129 shares growing its position 0.5%. The value of the investment in P.A.M. Transportation Services, went from $529,000 to $672,000 increasing 27.0% quarter to quarter.
P.A.M. Transportation Services, currently has a P/E ratio of 22.22 and the market cap of the company is 177.39M. In the latest earnings report the EPS was $1.26 and is projected to be $0.85 for the current year with 6,342,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.16 with next year’s EPS projected to be $1.20.
P.A.M. Transportation Services, Inc. (P.A.M.), incorporated in June 27, 1986, is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. The Company operates in the motor carrier segment. The Company operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces. It also provides transportation services in Mexico under agreements with Mexican carriers. The Business’s freight consists of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. The Company conducts operations through its subsidiaries: P.A.M. Transport, Inc.; T.T.X., LLC; P.A.M. Cartage Carriers, LLC; Overdrive Leasing, LLC; P.A.M. Logistics Services, Inc.; Choctaw Express, LLC; Choctaw Brokerage, Inc.; Transcend Logistics, Inc.; Decker Transport Co., LLC; East Coast Transport and Logistics, LLC, S & L Logistics, Inc., and P.A.M. International, Inc..