Pyxis Tankers (PXS) Sees Large Volume Increase

Pyxis Tankers Inc (NASDAQ:PXS) shares saw an uptick in trading volume on Tuesday . 831,437 shares traded hands during trading, an increase of 207% from the previous session’s volume of 270,727 shares.The stock last traded at $1.09 and had previously closed at $1.03.

Several research firms have issued reports on PXS. Zacks Investment Research upgraded Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Maxim Group reiterated a “buy” rating and issued a $3.00 price target on shares of Pyxis Tankers in a report on Thursday, November 15th. Finally, Noble Financial reiterated a “buy” rating and issued a $2.00 price target on shares of Pyxis Tankers in a report on Tuesday, October 30th.

The company has a quick ratio of 0.53, a current ratio of 0.64 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $20.25 million, a PE ratio of -3.93 and a beta of -1.33.

Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Wednesday, November 14th. The transportation company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.12). Pyxis Tankers had a negative return on equity of 19.16% and a negative net margin of 21.99%. The company had revenue of $7.42 million for the quarter, compared to the consensus estimate of $6.81 million. As a group, equities analysts forecast that Pyxis Tankers Inc will post -0.27 earnings per share for the current fiscal year.

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About Pyxis Tankers (NASDAQ:PXS)

Pyxis Tankers, Inc is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns, and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil.

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