Pyxis Tankers (NASDAQ:PXS) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Pyxis Tankers Inc. (NASDAQ:PXS) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.12 and traded as high as $4.60. Pyxis Tankers shares last traded at $4.41, with a volume of 42,248 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Pyxis Tankers in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Pyxis Tankers Stock Down 5.2%

The firm has a market cap of $45.29 million, a price-to-earnings ratio of 23.21 and a beta of -0.63. The firm’s 50 day moving average price is $4.12 and its two-hundred day moving average price is $3.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.45 and a quick ratio of 4.40.

Pyxis Tankers (NASDAQ:PXS) last announced its earnings results on Thursday, March 5th. The transportation company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Pyxis Tankers had a net margin of 5.11% and a return on equity of 2.00%. The business had revenue of $10.54 million during the quarter, compared to the consensus estimate of $11.22 million.

Institutional Investors Weigh In On Pyxis Tankers

A hedge fund recently bought a new stake in Pyxis Tankers stock. XTX Topco Ltd purchased a new position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,307 shares of the transportation company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.10% of Pyxis Tankers as of its most recent SEC filing. 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.