Pyxis Tankers (NASDAQ:PXS) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Pyxis Tankers (NASDAQ:PXS) from a sell rating to a hold rating in a research report report published on Wednesday morning, reports.

According to Zacks, “Pyxis Tankers Inc. provides marine transportation. The Company offers transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil as well as other liquid bulk items, including organic chemicals. Pyxis Tankers Inc. is based in Maroussi, Greece. “

Shares of PXS stock opened at $0.82 on Wednesday. The stock has a market capitalization of $31.52 million, a P/E ratio of -2.57 and a beta of -0.46. The company has a current ratio of 1.69, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $0.75 and its 200 day moving average is $0.82. Pyxis Tankers has a 12 month low of $0.62 and a 12 month high of $4.60.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings results on Monday, August 9th. The transportation company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $4.99 million during the quarter, compared to the consensus estimate of $5.42 million. Pyxis Tankers had a negative return on equity of 20.01% and a negative net margin of 40.08%. On average, equities analysts predict that Pyxis Tankers will post -0.2 EPS for the current year.

Several large investors have recently bought and sold shares of the company. UBS Group AG lifted its position in shares of Pyxis Tankers by 350.1% in the 1st quarter. UBS Group AG now owns 25,775 shares of the transportation company’s stock worth $27,000 after purchasing an additional 20,049 shares during the period. Virtu Financial LLC bought a new stake in Pyxis Tankers during the 1st quarter valued at about $43,000. Finally, Renaissance Technologies LLC increased its stake in Pyxis Tankers by 92.0% during the 2nd quarter. Renaissance Technologies LLC now owns 749,203 shares of the transportation company’s stock valued at $647,000 after purchasing an additional 359,003 shares in the last quarter. 2.37% of the stock is owned by hedge funds and other institutional investors.

Pyxis Tankers Company Profile

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 involves in the seaborne transportation and shipping of refined petroleum products and other bulk liquids. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.

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