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

Pyxis Tankers Inc. (NASDAQ:PXS)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.48 and traded as low as $4.39. Pyxis Tankers shares last traded at $4.39, with a volume of 16,796 shares trading hands.

Analysts Set New Price Targets

PXS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Wall Street Zen raised shares of Pyxis Tankers to a “strong-buy” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Pyxis Tankers currently has a consensus rating of “Hold”.

Pyxis Tankers Stock Down 2.9%

The business’s 50 day moving average price is $4.48 and its 200-day moving average price is $3.83. The firm has a market capitalization of $44.95 million, a PE ratio of 12.54 and a beta of -0.53. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.49 and a current ratio of 4.53.

Pyxis Tankers (NASDAQ:PXS) last announced its quarterly earnings data on Monday, May 18th. The transportation company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $9.98 million during the quarter, compared to analysts’ expectations 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

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of Pyxis Tankers in the fourth quarter valued at approximately $29,000. Renaissance Technologies LLC grew its holdings in shares of Pyxis Tankers by 20.1% in the fourth 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 in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Pyxis Tankers in the first quarter valued at approximately $113,000. Institutional investors and hedge funds 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.