Pyxis Tankers Stock Gets a Holiday Pause — The Freight-Rate Test Comes Next
Pyxis Tankers shares closed Friday at $4.60, up 5.7% for the week after first-quarter earnings beat analyst profit estimates but missed revenue forecasts. Nasdaq will remain closed Monday for Memorial Day, delaying trading until Tuesday. Pyxis reported $10 million in revenue and net income of $2.4 million, with 72.9% of Q2 days fixed at an average $21,000 daily rate. Peers Scorpio Tankers, Ardmore Shipping, and Torm declined into the break.
