Pyxis Tankers (NASDAQ:PXS) Shares Cross Below Fifty Day Moving Average – Here’s Why

Pyxis Tankers Inc. (NASDAQ:PXS)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.83 and traded as low as $3.77. Pyxis Tankers shares last traded at $3.77, with a volume of 22,356 shares.

Pyxis Tankers Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.62 and a current ratio of 4.71. The company has a market cap of $39.59 million, a price-to-earnings ratio of 1.35 and a beta of 0.03. The firm’s 50-day moving average price is $3.83 and its 200 day moving average price is $4.55.

Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Tuesday, November 26th. The transportation company reported $0.31 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 in the prior year, the firm posted $0.26 EPS.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC grew its holdings in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,795 shares of the transportation company’s stock after acquiring an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned 1.06% of Pyxis Tankers worth $564,000 at the end of the most recent reporting period. Institutional investors own 56.19% of the company’s stock.

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 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.