Pyxis Tankers’ (PXS) Buy Rating Reiterated at Univest Sec

Univest Sec restated their buy rating on shares of Pyxis Tankers (NASDAQ:PXS) in a research note published on Tuesday, Zacks.com reports.

Separately, Zacks Investment Research raised shares of Pyxis Tankers from a sell rating to a hold rating in a research note on Wednesday.

Shares of PXS opened at $0.82 on Tuesday. The firm has a market cap of $31.52 million, a PE ratio of -2.57 and a beta of -0.46. Pyxis Tankers has a 52-week low of $0.62 and a 52-week high of $4.60. The business’s 50 day moving average price is $0.75 and its two-hundred day moving average price is $0.82. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.69.

Pyxis Tankers (NASDAQ:PXS) last announced its quarterly earnings results on Monday, August 9th. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Pyxis Tankers had a negative return on equity of 20.01% and a negative net margin of 40.08%. The company had revenue of $4.99 million for the quarter, compared to the consensus estimate of $5.42 million. Research analysts predict that Pyxis Tankers will post -0.2 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in PXS. UBS Group AG raised its position in shares of Pyxis Tankers by 350.1% in the 1st quarter. UBS Group AG now owns 25,775 shares of the transportation company’s stock worth $27,000 after purchasing an additional 20,049 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Pyxis Tankers by 1,311.2% during the 1st quarter. Renaissance Technologies LLC now owns 390,200 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 362,550 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Pyxis Tankers during the 1st quarter valued at approximately $43,000. 2.37% of the stock is owned by institutional investors and hedge funds.

Pyxis Tankers Company Profile

Pyxis Tankers, Inc is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It also involves in the seaborne transportation and shipping of refined petroleum products and other bulk liquids. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.

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