Pyxis Tankers Inc (NASDAQ:PXS) rose 5.4% during mid-day trading on Wednesday . The stock traded as high as $1.61 and last traded at $1.57, approximately 132,568 shares changed hands during trading. An increase of 4% from the average daily volume of 127,136 shares. The stock had previously closed at $1.49.
PXS has been the topic of several research analyst reports. Aegis initiated coverage on shares of Pyxis Tankers in a research note on Tuesday, October 15th. They set a “buy” rating and a $2.50 target price on the stock. Zacks Investment Research raised shares of Pyxis Tankers from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Wednesday, October 16th. ValuEngine raised shares of Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Noble Financial reissued a “buy” rating and set a $2.00 target price on shares of Pyxis Tankers in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $2.25.
The firm has a market capitalization of $31.33 million, a P/E ratio of -3.20 and a beta of -0.75. The company’s 50 day moving average is $1.46 and its 200-day moving average is $1.21. The company has a quick ratio of 0.13, a current ratio of 0.18 and a debt-to-equity ratio of 1.69.
Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Monday, August 12th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). The company had revenue of $6.46 million for the quarter, compared to the consensus estimate of $8.69 million. Pyxis Tankers had a negative return on equity of 27.52% and a negative net margin of 40.96%. On average, analysts predict that Pyxis Tankers Inc will post -0.27 EPS for the current fiscal year.
Pyxis Tankers Company Profile (NASDAQ:PXS)
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.
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