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

Pyxis Tankers Inc. (NASDAQ:PXS)’s stock price passed 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 changing hands.

Pyxis Tankers Trading Up 2.4 %

The company has a market cap of $39.90 million, a PE ratio of 1.36 and a beta of 0.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.62 and a current ratio of 4.71. The company has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $4.50.

Pyxis Tankers (NASDAQ:PXS) last announced its quarterly earnings results 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 period last year, the business earned $0.26 EPS.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC raised its position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,795 shares of the transportation company’s stock after acquiring an additional 25,194 shares during the period. Renaissance Technologies LLC owned approximately 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. 56.19% of the stock is currently owned by institutional investors.

About Pyxis Tankers

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.