Pyxis Tankers (NASDAQ:PXS) Downgraded by Wall Street Zen to Buy

Pyxis Tankers (NASDAQ:PXS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Pyxis Tankers Stock Performance

Pyxis Tankers stock opened at $4.20 on Friday. The company has a current ratio of 4.53, a quick ratio of 4.49 and a debt-to-equity ratio of 0.75. Pyxis Tankers has a 1 year low of $2.47 and a 1 year high of $4.92. The company has a market cap of $43.01 million, a PE ratio of 12.00 and a beta of -0.52. The company’s 50-day moving average is $4.45 and its two-hundred day moving average is $3.94.

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

Hedge Funds Weigh In On Pyxis Tankers

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Pyxis Tankers by 38.2% in the 1st quarter. Renaissance Technologies LLC now owns 119,001 shares of the transportation company’s stock valued at $505,000 after buying an additional 32,900 shares during the period. NewEdge Advisors LLC acquired a new stake in Pyxis Tankers during the 1st quarter worth $113,000. Finally, XTX Topco Ltd acquired a new stake in Pyxis Tankers during the 4th quarter worth $29,000. 56.19% of the stock is owned by institutional investors.

About Pyxis Tankers

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.