DALLAS, July 28, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring P.A.M. Transportation Services Inc. (Nasdaq:PTSI). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/PTSI
PTSI is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
P.A.M. Transportation Services Inc. (PTSI) 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 Company's freight consists primarily of automotive parts, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. Effective January 1, 2010, the operations of most of the Company's operating subsidiaries have been consolidated under the P.A.M. Transport Inc. name in an effort to more clearly reflect the Company's scope and available service offerings.
Message Board Search for PTSI: http://www.boardcentral.com/boards/PTSI
In the report, the analyst notes:
"PTSI reported a net income of $1,261,577 or diluted and basic earnings per share of $0.13 for the second quarter ended June 30, 2010, and net income of $946,134 or diluted and basic earnings per share of $0.10 for the six month period ended June 30, 2010. These results compare to a net loss of $2,356,317 or diluted and basic loss per share of $0.25, and net loss of $5,702,244 or diluted and basic loss per share of $0.61, respectively, for the three and six months ended June 30, 2009.
"The Company reported the following improvements in several of its key performance indicators, which positively impacted its second-quarter performance: Equipment utilization improved 14.5%, from 392 miles per truck per day in the second quarter 2009 to 449 miles per truck per day for the second quarter 2010; reduction of the percentage of empty miles by 30.8% from 8.5% for the second quarter of 2009 to 5.9% for the second quarter of 2010."
To read the entire report visit: http://www.microstockprofit.com/lp/PTSI
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