Pyxis Tankers (NASDAQ:PXS) Shares Cross Below Fifty Day Moving Average of $4.57

Pyxis Tankers Inc. (NASDAQ:PXS)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.57 and traded as low as $4.55. Pyxis Tankers shares last traded at $4.57, with a volume of 16,510 shares changing hands.

Pyxis Tankers Stock Down 1.1 %

The firm has a market cap of $48.51 million, a price-to-earnings ratio of 1.54 and a beta of 0.04. The company has a current ratio of 2.52, a quick ratio of 2.39 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $4.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXS. Renaissance Technologies LLC boosted its position in Pyxis Tankers by 30.3% during the 4th quarter. Renaissance Technologies LLC now owns 115,801 shares of the transportation company’s stock valued at $558,000 after purchasing an additional 26,900 shares during the period. Marshall Wace LLP bought a new stake in Pyxis Tankers during the 4th quarter valued at $104,000. Morgan Stanley raised its stake in Pyxis Tankers by 30.0% during the 4th quarter. Morgan Stanley now owns 7,800 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 1,800 shares in the last quarter. UBS Group AG raised its stake in Pyxis Tankers by 92,366.7% during the 3rd quarter. UBS Group AG now owns 38,836 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 38,794 shares in the last quarter. Finally, Northern Trust Corp bought a new stake in Pyxis Tankers during the 4th quarter valued at $116,000. Institutional investors and hedge funds own 56.19% of the company’s stock.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. 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.