Pyxis Tankers (NASDAQ:PXS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pyxis Tankers (NASDAQ:PXS – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Pyxis Tankers from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Alliance Global Partners reissued a “buy” rating on shares of Pyxis Tankers in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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Pyxis Tankers Stock Up 2.3%

Shares of PXS opened at $7.91 on Friday. Pyxis Tankers has a 52-week low of $2.56 and a 52-week high of $8.30. The company has a market capitalization of $81.00 million, a PE ratio of 9.77 and a beta of -0.54. The stock has a fifty day simple moving average of $5.94 and a two-hundred day simple moving average of $4.95. The company has a quick ratio of 4.68, a current ratio of 4.72 and a debt-to-equity ratio of 0.70.

Pyxis Tankers (NASDAQ:PXS – Get Free Report) last announced its quarterly earnings results on Monday, August 31st. The transportation company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. Pyxis Tankers had a net margin of 20.00% and a return on equity of 8.24%. The firm had revenue of $12.13 million for the quarter, compared to analysts’ expectations of $10.34 million.

Institutional Trading of Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC boosted its stake in Pyxis Tankers Inc. (NASDAQ:PXS – Free Report) by 38.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,001 shares of the transportation company’s stock after buying an additional 32,900 shares during the period. Renaissance Technologies LLC owned approximately 1.16% of Pyxis Tankers worth $505,000 at the end of the most recent quarter. 56.19% of the stock is currently owned by hedge funds and other institutional investors.

Pyxis Tankers Company Profile

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Pyxis Tankers Inc (NASDAQ: PXS) is a maritime transportation company that owns and operates a fleet of oceangoing vessels. The company primarily provides seaborne transportation for refined petroleum products, crude oil, vegetable oils and other liquid bulk cargoes, serving customers involved in the energy, commodities and industrial sectors.

Pyxis Tankers’ fleet has included product tankers and other commercial vessels, with operations focused on transporting cargoes through international shipping routes.

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