Pyxis Tankers (NASDAQ:PXS) Shares Cross Below 50 Day Moving Average – What’s Next?

Pyxis Tankers Inc. (NASDAQ:PXS)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.43 and traded as low as $4.12. Pyxis Tankers shares last traded at $4.24, with a volume of 35,468 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Pyxis Tankers in a research note on Friday, May 22nd. Wall Street Zen upgraded Pyxis Tankers to a “strong-buy” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Pyxis Tankers Stock Up 0.7%

The company has a debt-to-equity ratio of 0.75, a current ratio of 4.53 and a quick ratio of 4.49. The stock has a fifty day moving average price of $4.43 and a two-hundred day moving average price of $3.68. The company has a market cap of $43.42 million, a P/E ratio of 12.11 and a beta of -0.53.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings results on Monday, May 18th. The transportation company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $9.98 million during the quarter, compared to the consensus estimate of $10.05 million. Pyxis Tankers had a return on equity of 3.63% and a net margin of 9.27%.

Institutional Trading of Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC lifted its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,101 shares of the transportation company’s stock after acquiring an additional 14,400 shares during the quarter. Renaissance Technologies LLC owned 0.82% of Pyxis Tankers worth $242,000 at the end of the most recent quarter. 56.19% of the stock is currently owned by hedge funds and other institutional investors.

Pyxis Tankers Company Profile

Pyxis Tankers Inc is a Greece-based maritime transportation company specializing in the ownership and operation of medium-range (“MR”) product tankers. The company’s vessels, each with a deadweight capacity typically ranging from 35,000 to 54,000 metric tons, are designed to carry refined petroleum products such as gasoline, diesel, jet fuel and other clean petroleum products. Pyxis Tankers generates revenue through a combination of spot market voyages and time-charter contracts, catering to oil majors, trading houses and other charterers seeking flexible delivery solutions.

Founded in 2017 and headquartered in Athens, Greece, Pyxis Tankers completed its initial public offering on the Nasdaq Stock Market in April 2018 under the ticker symbol PXS.