Pyxis Tankers (NASDAQ:PXS) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Pyxis Tankers Inc. (NASDAQ:PXS) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.69 and traded as high as $4.59. Pyxis Tankers shares last traded at $4.43, with a volume of 41,910 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Pyxis Tankers in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Pyxis Tankers Price Performance

The firm has a market cap of $46.47 million, a P/E ratio of 23.32 and a beta of -0.69. The stock’s 50-day moving average is $3.69 and its 200-day moving average is $3.15. The company has a quick ratio of 3.39, a current ratio of 3.43 and a debt-to-equity ratio of 0.72.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings results on Thursday, March 5th. The transportation company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Pyxis Tankers had a net margin of 5.11% and a return on equity of 2.01%. The firm 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 stake in shares of Pyxis Tankers Inc. (NASDAQ:PXS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,307 shares of the transportation company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.10% of Pyxis Tankers as of its most recent SEC filing. 56.19% of the stock is owned by hedge funds and other 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.