PAMT CEO Joseph Vitiritto Announces Resignation

PAMT ( (PAMT) ) just unveiled an update.

On May 22, 2025, PAMT Corp announced that its President and CEO, Joseph A. Vitiritto, will resign from his positions effective June 27, 2025, and subsequently serve as a consultant for the company for one year. Under the Consulting Agreement, Mr. Vitiritto will provide advisory services to senior management from June 30, 2025, to June 30, 2026, for a weekly fee of $8,000 and a one-time cash bonus of $10,000, while remaining bound by non-compete and confidentiality clauses.

The most recent analyst rating on (PAMT) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on PAMT stock, see the PAMT Stock Forecast page.

Spark’s Take on PAMT Stock

According to Spark, TipRanks’ AI Analyst, PAMT is a Neutral.

PAMT’s overall stock score is primarily impacted by its challenging financial performance, characterized by declining revenues and profitability, increased leverage risk, and negative free cash flow. Technical analysis shows some upward momentum but is limited by resistance levels. Valuation is weak due to the negative P/E ratio and lack of dividends. The primary focus should be on improving financial stability and liquidity.

To see Spark’s full report on PAMT stock, click here.

More about PAMT

Average Trading Volume: 31,928

Technical Sentiment Signal: Sell

Current Market Cap: $258.9M

See more insights into PAMT stock on TipRanks’ Stock Analysis page.