Pyxis Tankers Inc. (NASDAQ:PXS)’s share price traded down 26.6% on Wednesday . The stock traded as low as $4.50 and last traded at $4.90. 4,787,200 shares changed hands during mid-day trading, an increase of 2,785% from the average session volume of 165,926 shares. The stock had previously closed at $6.68.

A number of research firms have recently commented on PXS. Maxim Group lowered Pyxis Tankers from a “buy” rating to a “hold” rating and set a $3.00 price target on the stock. in a research report on Monday. ValuEngine lowered Pyxis Tankers from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. Finally, Aegis began coverage on Pyxis Tankers in a research report on Wednesday, August 9th. They set a “buy” rating and a $3.50 price target on the stock.

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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