Pyxis Tankers (NASDAQ:PXS) Stock Crosses Above 50 Day Moving Average – What’s Next?

Pyxis Tankers Inc. (NASDAQ:PXS)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.51 and traded as high as $5.20. Pyxis Tankers shares last traded at $5.16, with a volume of 26,741 shares.

Analyst Ratings Changes

PXS has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Pyxis Tankers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings raised Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Pyxis Tankers Stock Up 0.4%

The company has a quick ratio of 4.49, a current ratio of 4.53 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $4.51 and a 200-day simple moving average of $4.27. The stock has a market cap of $52.84 million, a P/E ratio of 14.74 and a beta of -0.52.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings data on Monday, May 18th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in Pyxis Tankers during the fourth quarter worth about $29,000. Renaissance Technologies LLC increased its position 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 buying an additional 14,400 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Pyxis Tankers during the 1st quarter worth $113,000. 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.