Pyxis Tankers Inc. (NASDAQ:PXS – Get Free Report)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.09 and traded as low as $5.03. Pyxis Tankers shares last traded at $5.04, with a volume of 5,654 shares traded.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners began coverage on Pyxis Tankers in a report on Wednesday, July 17th. They issued a “buy” rating and a $10.00 target price for the company.
Check Out Our Latest Analysis on PXS
Pyxis Tankers Stock Up 1.4 %
Pyxis Tankers (NASDAQ:PXS – Get Free Report) last released its quarterly earnings data on Monday, August 12th. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $13.91 million for the quarter. Pyxis Tankers had a net margin of 67.93% and a return on equity of 37.67%.
Institutional Trading of Pyxis Tankers
An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC grew its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS – Free Report) by 29.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,795 shares of the transportation company’s stock after purchasing an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned about 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities and Exchange Commission. 56.19% of the stock is owned by hedge funds and other institutional investors.
Pyxis Tankers Company Profile
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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