Pyxis Tankers (NASDAQ:PXS) Share Price Passes Above 50-Day Moving Average of $5.07

Shares of Pyxis Tankers Inc. (NASDAQ:PXS) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.07 and traded as high as $5.10. Pyxis Tankers shares last traded at $5.07, with a volume of 8,160 shares.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners started coverage on shares of Pyxis Tankers in a research report on Wednesday, July 17th. They set a “buy” rating and a $10.00 price objective on the stock.

Pyxis Tankers Stock Performance

The business has a 50-day moving average of $5.07 and a 200 day moving average of $4.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.98 and a quick ratio of 3.81. The company has a market cap of $53.22 million, a PE ratio of 1.99 and a beta of 0.03.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings results on Monday, August 12th. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $13.91 million during the quarter. Pyxis Tankers had a net margin of 67.93% and a return on equity of 34.92%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC raised its position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,795 shares of the transportation company’s stock after purchasing an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. Institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. 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.