Pyxis Tankers (NASDAQ:PXS) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Pyxis Tankers (NASDAQ:PXS) from a hold rating to a sell rating in a report published on Friday morning, Zacks.com reports.

According to Zacks, “Pyxis Tankers Inc. provides marine transportation. The Company offers transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil as well as other liquid bulk items, including organic chemicals. Pyxis Tankers Inc. is based in Maroussi, Greece. “

Separately, Noble Financial reiterated a buy rating and set a $2.00 price objective on shares of Pyxis Tankers in a research report on Tuesday, August 13th.

Pyxis Tankers stock opened at $0.98 on Friday. The stock has a market cap of $20.92 million, a PE ratio of -2.00 and a beta of -0.75. The stock has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.13. Pyxis Tankers has a 52 week low of $0.64 and a 52 week high of $3.70. The company has a current ratio of 0.18, a quick ratio of 0.11 and a debt-to-equity ratio of 1.69.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings data on Monday, August 12th. The transportation company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The company had revenue of $6.46 million for the quarter, compared to analysts’ expectations of $8.69 million. Pyxis Tankers had a negative return on equity of 27.52% and a negative net margin of 40.96%. On average, equities analysts predict that Pyxis Tankers will post -0.27 EPS for the current year.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.

See Also: Compound Annual Growth Rate (CAGR)

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