Pyxis Tankers (NASDAQ:PXS) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of Pyxis Tankers Inc. (NASDAQ:PXS) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.83 and traded as low as $4.24. Pyxis Tankers shares last traded at $4.24, with a volume of 47,548 shares.

Analysts Set New Price Targets

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

Pyxis Tankers Trading Down 2.1 %

The firm has a market capitalization of $44.52 million, a price-to-earnings ratio of 1.54 and a beta of 0.04. The business has a 50-day moving average of $4.83 and a two-hundred day moving average of $4.95. The company has a quick ratio of 3.81, a current ratio of 3.98 and a debt-to-equity ratio of 0.77.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC boosted its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing. 56.19% of the stock is owned by institutional investors.

About Pyxis Tankers

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.