Pyxis Tankers Inc. (NASDAQ:PXS – Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.03 and traded as low as $4.65. Pyxis Tankers shares last traded at $4.68, with a volume of 27,710 shares trading hands.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners assumed coverage on shares of Pyxis Tankers in a report on Wednesday, July 17th. They set a “buy” rating and a $10.00 price target on the stock.
Read Our Latest Stock Report on PXS
Pyxis Tankers Stock Performance
Pyxis Tankers (NASDAQ:PXS – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Pyxis Tankers had a net margin of 67.93% and a return on equity of 34.92%. The firm had revenue of $13.91 million for the quarter.
Hedge Funds Weigh In On Pyxis Tankers
A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC lifted its holdings in Pyxis Tankers Inc. (NASDAQ:PXS – Free Report) by 29.4% during the 2nd quarter, according to its most recent 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 at the end of the most recent reporting period. Institutional investors own 56.19% of the company’s stock.
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.
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