Pyxis Tankers (NASDAQ:PXS) issued its quarterly earnings results on Monday. The transportation company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Morningstar.com reports. The business had revenue of $6.46 million for the quarter, compared to analyst estimates of $8.69 million. Pyxis Tankers had a negative net margin of 38.99% and a negative return on equity of 24.81%.
NASDAQ:PXS opened at $1.04 on Wednesday. The business’s 50-day moving average price is $1.05. The firm has a market capitalization of $21.71 million, a price-to-earnings ratio of -2.12 and a beta of -0.75. Pyxis Tankers has a 52-week low of $0.64 and a 52-week high of $3.70. The company has a current ratio of 0.15, a quick ratio of 0.11 and a debt-to-equity ratio of 1.65.
A number of research firms recently issued reports on PXS. Noble Financial reaffirmed a “buy” rating and set a $2.00 target price on shares of Pyxis Tankers in a report on Tuesday. Zacks Investment Research lowered Pyxis Tankers from a “buy” rating to a “hold” rating in a report on Saturday.
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.
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