Pyxis Tankers (NASDAQ:PXS) Releases Earnings Results

Pyxis Tankers (NASDAQ:PXS) issued its quarterly earnings results on Thursday. The transportation company reported $0.11 earnings per share for the quarter, Zacks reports. Pyxis Tankers had a net margin of 6.26% and a return on equity of 5.39%.

Pyxis Tankers Stock Performance

Shares of NASDAQ:PXS traded down $0.03 during trading on Thursday, hitting $2.62. 31,927 shares of the stock traded hands, compared to its average volume of 23,884. The company has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $2.84. Pyxis Tankers has a 52-week low of $2.47 and a 52-week high of $4.40. The company has a market cap of $27.47 million, a price-to-earnings ratio of -65.50 and a beta of -0.64. The company has a quick ratio of 2.92, a current ratio of 3.02 and a debt-to-equity ratio of 0.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pyxis Tankers in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.