P.A.M. Transportation Services, Inc. (PTSI) Forms Double Top Pattern; Strong Momentum for Buyers Coming

December 7, 2017 - By Richard Conner

Investors sentiment decreased to 0.44 in Q2 2017. Its down 0.38, from 0.82 in 2017Q1. It fall, as 11 investors sold P.A.M. Transportation Services, Inc. shares while 16 reduced holdings. 5 funds opened positions while 7 raised stakes. 1.53 million shares or 13.13% less from 1.76 million shares in 2017Q1 were reported.
Manufacturers Life Insur The reported 223 shares. Pacific Ridge Prtn Ltd Llc owns 174,921 shares or 0.97% of their US portfolio. 4,938 are held by National Bank Of America Corporation De. Meeder Asset Management holds 90 shares or 0% of its portfolio. National Bank & Trust Of Ny Mellon Corporation reported 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Denali Advsr Llc has invested 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Northern Trust accumulated 15,001 shares. Millennium Mngmt Limited Co owns 18,868 shares for 0% of their portfolio. Carroll Associates Inc owns 250 shares or 0% of their US portfolio. Blackrock invested 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Barclays Public Limited Com stated it has 3,913 shares. Lsv Asset Mgmt owns 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 96,981 shares. Nationwide Fund Advisors invested in 15,159 shares. Wells Fargo And Comm Mn holds 0% or 568 shares. Tower Capital Limited Liability Company (Trc) accumulated 0% or 1,227 shares.

The chart of P.A.M. Transportation Services, Inc. (PTSI) shows a double top with $38.22 target or 4.00 % above today’s $36.75 share price. The 7 months chart pattern indicates low risk for the $231.64 million company. It was reported on Dec, 7 by Finviz.com. If the $38.22 price target is reached, the company will be worth $9.27M more. Double tops are rare but powerful chart patterns.

The stock increased 0.11% or $0.04 during the last trading session, reaching $36.75. About 10,121 shares traded. P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has declined 13.34% since December 7, 2016 and is downtrending. It has underperformed by 30.04% the S&P500.

Analysts await P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) to report earnings on February, 6. They expect $0.19 earnings per share, up 72.73 % or $0.08 from last year’s $0.11 per share. PTSI’s profit will be $1.20 million for 48.36 P/E if the $0.19 EPS becomes a reality. After $0.54 actual earnings per share reported by P.A.M. Transportation Services, Inc. for the previous quarter, Wall Street now forecasts -64.81 % negative EPS growth.

More notable recent P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) news were published by: Seekingalpha.com which released: “Industry Rebound, Clearing Financials Could Lead PAM Transport To Double In 6 …” on August 21, 2016, also Globenewswire.com with their article: “PAM Transportation Services, Inc. Announces Results for the Fourth Quarter and …” published on February 07, 2017, Globenewswire.com published: “PAM Transportation Services, Inc. Announces Results for the Third Quarter …” on October 23, 2017. More interesting news about P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) were released by: Globenewswire.com and their article: “PAM Transportation Services, Inc. Announces Results for the Second Quarter …” published on July 27, 2017 as well as Seekingalpha.com‘s news article titled: “PAM Transport: Catalysts Aligning” with publication date: August 03, 2017.

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