Shares of Pyxis Tankers Inc (NASDAQ:PXS) saw an uptick in trading volume on Friday . 5,099,778 shares changed hands during trading, an increase of 1,470% from the previous session’s volume of 324,897 shares.The stock last traded at $1.31 and had previously closed at $1.31.
A number of brokerages recently weighed in on PXS. Maxim Group restated a “buy” rating and set a $3.00 target price on shares of Pyxis Tankers in a report on Tuesday, May 15th. Noble Financial began coverage on shares of Pyxis Tankers in a report on Tuesday, April 24th. They set a “buy” rating and a $2.00 target price for the company. Finally, ValuEngine cut shares of Pyxis Tankers from a “hold” rating to a “sell” rating in a report on Friday, April 27th.
The firm has a market capitalization of $22.26 million, a price-to-earnings ratio of -4.68 and a beta of 4.02. The company has a current ratio of 0.21, a quick ratio of 0.17 and a debt-to-equity ratio of 1.19.
Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Monday, May 14th. The transportation company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.30). The business had revenue of $6.59 million for the quarter, compared to the consensus estimate of $7.64 million. Pyxis Tankers had a negative return on equity of 12.14% and a negative net margin of 10.23%. sell-side analysts forecast that Pyxis Tankers Inc will post -0.16 EPS for the current fiscal year.
An institutional investor recently bought a new position in Pyxis Tankers stock. Hudson Bay Capital Management LP purchased a new stake in Pyxis Tankers Inc (NASDAQ:PXS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 900,000 shares of the transportation company’s stock, valued at approximately $2,705,000. Hudson Bay Capital Management LP owned approximately 4.31% of Pyxis Tankers as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.32% 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.
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