PAMT CEO Resignation Announced Amid Corporate Changes

PAMT ( (PAMT) ) has issued an update.

On May 8, 2025, PAMT CORP announced the resignation of its CEO, Joseph A. Vitiritto, effective June 27, 2025, due to family reasons. Matthew T. Moroun, the current Chairman of the Board, will serve as interim CEO without additional compensation until a permanent replacement is found. Additionally, the company updated its indemnification agreement for directors and executive officers following its recent name change and reincorporation in Nevada. On the same day, the company held its Annual Meeting of Shareholders, electing nine directors and ratifying Grant Thornton LLP as the independent registered public accounting firm for 2025.

The most recent analyst rating on (PAMT) stock is a Hold with a $19.00 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 influenced by its weak financial performance, marked by declining revenues and profitability, increased leverage risk, and liquidity constraints. Technical analysis provides some short-term positive signals, but the longer-term outlook remains uncertain. The valuation is unattractive due to a negative P/E ratio and lack of dividends, further weighing down the score.

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

More about PAMT

Average Trading Volume: 30,408

Technical Sentiment Signal: Buy

Current Market Cap: $356.7M

For detailed information about PAMT stock, go to TipRanks’ Stock Analysis page.