Pyxis Tankers (NASDAQ:PXS) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Pyxis Tankers Inc. (NASDAQ:PXS) crossed 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 Stock Up 2.4 %

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 has a current ratio of 4.71, a quick ratio of 4.62 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average is $3.79 and its 200-day moving average is $4.50.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings data 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 in the prior year, the firm earned $0.26 earnings per share.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC increased its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,795 shares of the transportation company’s stock after acquiring an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned approximately 1.06% of Pyxis Tankers worth $564,000 at the end of the most recent quarter. Hedge funds and other 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.