Pyxis Tankers (NASDAQ:PXS) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Pyxis Tankers Inc. (NASDAQ:PXS) shares 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 Ratings Changes

PXS has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Pyxis Tankers in a report on Friday, May 22nd. Wall Street Zen raised shares of Pyxis Tankers to a “strong-buy” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Pyxis Tankers Stock Up 0.7%

The stock has a fifty day moving average price of $4.43 and a 200 day moving average price of $3.68. 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 market capitalization of $43.42 million, a P/E ratio of 12.11 and a beta of -0.53.

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

Hedge Funds Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC lifted its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 38.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,001 shares of the transportation company’s stock after acquiring an additional 32,900 shares during the period. Renaissance Technologies LLC owned approximately 1.16% of Pyxis Tankers worth $505,000 at the end of the most recent reporting period. 56.19% of the stock is currently owned by institutional investors and hedge funds.

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.