Pyxis Tankers Inc. (NASDAQ:PXS – Get Free Report)’s stock price dropped 4.9% on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $2.53 and last traded at $2.54. Approximately 39,410 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 25,167 shares. The stock had previously closed at $2.67.
The transportation company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.28). Pyxis Tankers had a net margin of 6.26% and a return on equity of 5.33%. The firm had revenue of $9.15 million during the quarter, compared to the consensus estimate of $9.94 million.
Pyxis Tankers Stock Down 4.9%
The firm has a market capitalization of $26.64 million, a price-to-earnings ratio of -63.50 and a beta of -0.60. The stock has a fifty day moving average of $2.90 and a two-hundred day moving average of $3.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.40 and a quick ratio of 3.31.
About Pyxis Tankers
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.
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