It quoted Tadas Povilauskas, a Finasta analyst, as saying that this is due to PST's non-openness, big shareholders' attitude toward small shareholders and the company's policy of not sharing money with shareholders.
"Interest in their stock has totally vanished, but if there was some good news about new projects, that would fuel investors' interest," he said.
However, if PST's main shareholders do not change their attitudes, the company's shares are likely to remain cheap, the analyst said.
"PST has around 49 million litas (EUR 14.2 m) in cash. The company itself costs about 70 million litas on the stock exchange. The simple calculation is that the business of Lithuania's biggest construction company is valued by investors at a mere 20 million litas, which is somewhat ridiculous," he said.
Panevėžio Keliai was PST's largest single shareholder in late 2011 with a 49.78 percent stake. PST's shares are quoted on the blue-chip Main List of the NASDAQ OMX Vilnius stock exchange.