Pyxis Tankers (NASDAQ:PXS) issued its earnings results on Thursday, March 15th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.06), Morningstar.com reports. Pyxis Tankers had a negative net margin of 17.58% and a negative return on equity of 11.25%. The company had revenue of $7.32 million during the quarter.
Shares of NASDAQ:PXS opened at $1.09 on Friday. Pyxis Tankers has a 52 week low of $0.90 and a 52 week high of $12.22. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.33.
Separately, Maxim Group raised Pyxis Tankers from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Monday, January 8th. They noted that the move was a valuation call.
An institutional investor recently bought a new position in Pyxis Tankers stock. Hudson Bay Capital Management LP bought a new stake in shares of Pyxis Tankers (NASDAQ:PXS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 900,000 shares of the transportation company’s stock, valued at approximately $2,705,000. Hudson Bay Capital Management LP owned about 4.31% of Pyxis Tankers at the end of the most recent quarter. Institutional investors own 4.68% of the company’s stock.
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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.
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