Pyxis Tankers (NASDAQ:PXS) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Pyxis Tankers Inc. (NASDAQ:PXS)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.79 and traded as low as $3.72. Pyxis Tankers shares last traded at $3.80, with a volume of 14,496 shares.

Pyxis Tankers Price Performance

The stock has a market cap of $39.90 million, a P/E ratio of 1.36 and a beta of 0.03. The company’s 50 day moving average price is $3.78 and its 200-day moving average price is $4.49. The company has a quick ratio of 4.62, a current ratio of 4.71 and a debt-to-equity ratio of 0.73.

Pyxis Tankers (NASDAQ:PXS) last released its earnings results on Tuesday, November 26th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pyxis Tankers had a net margin of 65.17% and a return on equity of 32.93%. During the same quarter last year, the business posted $0.26 earnings per share.

Institutional Investors Weigh In On Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC increased its stake in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,795 shares of the transportation company’s stock after buying 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 SEC filing. Hedge funds and other institutional investors own 56.19% of the company’s stock.

About Pyxis Tankers

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 deals with the seaborne transportation and shipping of refined petroleum products and other bulk liquids. It operates through the Tanker Vessels and Dry-bulk Vessels segments.