Pyxis Tankers (NASDAQ:PXS) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Pyxis Tankers Inc. (NASDAQ:PXS) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.48 and traded as low as $4.39. Pyxis Tankers shares last traded at $4.39, with a volume of 16,796 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PXS shares. Weiss Ratings upgraded Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded Pyxis Tankers to a “strong-buy” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Pyxis Tankers presently has a consensus rating of “Hold”.

Pyxis Tankers Price Performance

The company’s fifty day moving average is $4.48 and its two-hundred day moving average is $3.84. The firm has a market capitalization of $44.85 million, a price-to-earnings ratio of 12.51 and a beta of -0.53. The company has a quick ratio of 4.49, a current ratio of 4.53 and a debt-to-equity ratio of 0.75.

Pyxis Tankers (NASDAQ:PXS) last released its 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 net margin of 9.27% and a return on equity of 3.63%. The firm had revenue of $9.98 million during the quarter, compared to analyst estimates of $10.05 million.

Institutional Investors Weigh In On Pyxis Tankers

Several large investors have recently bought and sold shares of PXS. XTX Topco Ltd bought a new position in shares of Pyxis Tankers during the fourth quarter worth $29,000. NewEdge Advisors LLC bought a new stake in shares of Pyxis Tankers in the 1st quarter valued at $113,000. Finally, Renaissance Technologies LLC raised its stake in Pyxis Tankers by 20.1% during the 4th quarter. Renaissance Technologies LLC now owns 86,101 shares of the transportation company’s stock worth $242,000 after buying an additional 14,400 shares during the period. Institutional investors own 56.19% of the company’s stock.

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.