Pyxis Tankers (NASDAQ:PXS) Shares Cross Below 50-Day Moving Average – Here’s Why

Pyxis Tankers Inc. (NASDAQ:PXS) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.34 and traded as low as $2.98. Pyxis Tankers shares last traded at $3.05, with a volume of 7,994 shares.

Pyxis Tankers Stock Up 3.0 %

The firm’s 50 day moving average is $3.34 and its 200-day moving average is $3.85. The firm has a market cap of $32.19 million, a PE ratio of 1.09 and a beta of -0.20. The company has a quick ratio of 4.62, a current ratio of 4.71 and a debt-to-equity ratio of 0.73.

Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Thursday, March 13th. The transportation company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). Pyxis Tankers had a return on equity of 32.93% and a net margin of 65.17%. The firm had revenue of $12.04 million during the quarter, compared to analysts’ expectations of $11.19 million. During the same period last year, the business posted $1.76 earnings per share.

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 deals with the seaborne transportation and shipping of refined petroleum products and other bulk liquids. It operates through the Tanker Vessels and Dry-bulk Vessels segments.