Pyxis Tankers (NASDAQ:PXS) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Shares of Pyxis Tankers Inc. (NASDAQ:PXS) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.40 and traded as low as $4.20. Pyxis Tankers shares last traded at $4.31, with a volume of 11,231 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen lowered Pyxis Tankers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Pyxis Tankers Stock Performance

The stock has a market cap of $44.44 million, a P/E ratio of 12.40 and a beta of -0.52. The company has a fifty day moving average price of $4.40 and a 200 day moving average price of $4.02. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.53 and a quick ratio of 4.49.

Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Monday, May 18th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Pyxis Tankers had a return on equity of 3.63% and a net margin of 9.27%.The company had revenue of $9.98 million for the quarter, compared to analysts’ expectations of $10.05 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Pyxis Tankers during the fourth quarter worth about $29,000. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 14,400 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in Pyxis Tankers in the 1st quarter valued at about $113,000. 56.19% of the stock is owned by institutional investors.

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.