Pyxis Tankers (NASDAQ:PXS) Shares Cross Below Fifty Day Moving Average of $4.57

Pyxis Tankers Inc. (NASDAQ:PXS) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.57 and traded as low as $4.55. Pyxis Tankers shares last traded at $4.57, with a volume of 16,510 shares.

Pyxis Tankers Stock Down 1.1 %

The company has a current ratio of 2.52, a quick ratio of 2.39 and a debt-to-equity ratio of 0.87. The firm has a market cap of $48.51 million, a price-to-earnings ratio of 1.54 and a beta of 0.04. The firm has a 50-day moving average of $4.57 and a two-hundred day moving average of $4.27.

Hedge Funds Weigh In On Pyxis Tankers

Several large investors have recently made changes to their positions in PXS. Renaissance Technologies LLC raised its holdings in Pyxis Tankers by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 125,801 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 10,000 shares in the last quarter. UBS Group AG raised its holdings in Pyxis Tankers by 6.6% in the 4th quarter. UBS Group AG now owns 41,401 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 2,565 shares in the last quarter. Northern Trust Corp acquired a new position in Pyxis Tankers in the 4th quarter valued at approximately $116,000. Marshall Wace LLP acquired a new position in Pyxis Tankers in the 4th quarter valued at approximately $104,000. Finally, Morgan Stanley raised its holdings in Pyxis Tankers by 30.0% in the 4th quarter. Morgan Stanley now owns 7,800 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 56.19% of the company’s stock.

About Pyxis Tankers

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.