Pyxis Tankers (NASDAQ:PXS) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Pyxis Tankers Inc. (NASDAQ:PXS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.06 and traded as high as $5.12. Pyxis Tankers shares last traded at $5.09, with a volume of 6,813 shares.

Analyst Ratings Changes

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

Pyxis Tankers Price Performance

The business has a 50 day simple moving average of $5.06 and a two-hundred day simple moving average of $4.96. The firm has a market capitalization of $53.43 million, a P/E ratio of 2.00 and a beta of 0.02. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.81 and a current ratio of 3.98.

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

Institutional Trading of Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC lifted its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 110,795 shares of the transportation company’s stock after purchasing an additional 25,194 shares during the period. Renaissance Technologies LLC owned about 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the SEC. 56.19% of the stock is currently owned by institutional investors and hedge funds.

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.