Pyxis Tankers (NASDAQ:PXS) Shares Pass Below 50 Day Moving Average – Time to Sell?

Pyxis Tankers Inc. (NASDAQ:PXS)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 traded.

Analyst Ratings Changes

PXS has been the subject of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Pyxis Tankers in a research report on Friday, May 22nd. Wall Street Zen upgraded 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.com, the stock presently has a consensus rating of “Sell”.

Pyxis Tankers Trading Up 2.4%

The company has a market cap of $44.44 million, a PE ratio of 12.40 and a beta of -0.53. The stock’s 50 day moving average is $4.44 and its 200-day moving average is $3.70. 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 quarterly earnings results on Monday, May 18th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $9.98 million for the quarter, compared to the consensus estimate of $10.05 million. Pyxis Tankers had a net margin of 9.27% and a return on equity of 3.63%.

Institutional Investors Weigh In On Pyxis Tankers

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Pyxis Tankers during the fourth quarter valued at $29,000. NewEdge Advisors LLC bought a new stake in shares of Pyxis Tankers in the 1st quarter valued at approximately $113,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Pyxis Tankers by 20.1% in the 4th quarter. Renaissance Technologies LLC now owns 86,101 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 14,400 shares during the last quarter. Hedge funds and other institutional investors own 56.19% of the company’s stock.

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.