Maxim Group Lowers Pyxis Tankers Inc. (PXS) Price Target to $3.00

Pyxis Tankers Inc. (NASDAQ:PXS) had its target price cut by Maxim Group from $4.00 to $3.00 in a research note released on Friday morning, MarketBeat reports. They currently have a buy rating on the transportation company’s stock.

Separately, Aegis began coverage on shares of Pyxis Tankers in a research report on Wednesday, August 9th. They issued a buy rating and a $3.50 price target on the stock.

Shares of Pyxis Tankers (NASDAQ PXS) traded down $0.06 during midday trading on Friday, hitting $1.80. 700 shares of the stock were exchanged, compared to its average volume of 14,066. Pyxis Tankers has a 1 year low of $0.90 and a 1 year high of $4.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.12 and a current ratio of 0.17.

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Pyxis Tankers Company Profile

Pyxis Tankers Inc is a holding company. The Company is an international maritime transportation company focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,300 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,800 dwt, Pyxis Malou with carrying capacity of over 50,670 dwt; Pyxis Delta with carrying capacity of approximately 46,620 dwt; Northsea Beta with carrying capacity of over 8,650 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt.

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