An issue of Pyxus International Inc (NYSE:PYX) debt rose 1.3% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 9.875% coupon and will mature on July 15, 2021. The bonds in the issue are now trading at $87.25 and were trading at $88.00 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
A number of research analysts have recently issued reports on PYX shares. Odeon Capital Group initiated coverage on shares of Pyxus International in a research report on Friday, February 22nd. They issued a “buy” rating on the stock. TheStreet downgraded shares of Pyxus International from a “c-” rating to a “d” rating in a research report on Wednesday, February 20th.
Shares of PYX traded up $0.77 during mid-day trading on Friday, hitting $29.41. The company’s stock had a trading volume of 457,712 shares, compared to its average volume of 1,578,746. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 4.11. Pyxus International Inc has a fifty-two week low of $11.30 and a fifty-two week high of $52.43.
Several institutional investors have recently modified their holdings of PYX. Municipal Employees Retirement System of Michigan acquired a new position in shares of Pyxus International in the fourth quarter worth approximately $89,000. American International Group Inc. bought a new position in shares of Pyxus International during the 3rd quarter valued at about $128,000. Rhumbline Advisers bought a new position in shares of Pyxus International during the 4th quarter valued at about $140,000. FNY Investment Advisers LLC bought a new position in shares of Pyxus International during the 4th quarter valued at about $177,000. Finally, TIAA CREF Investment Management LLC bought a new position in shares of Pyxus International during the 3rd quarter valued at about $213,000. Institutional investors and hedge funds own 59.61% of the company’s stock.
About Pyxus International (NYSE:PYX)
Pyxus International, Inc, an agricultural company, engages in the provision of various agricultural products, ingredients, and services to businesses and customers. It offers products in the leaf tobacco, e-liquids, industrial hemp, and cannabis industries. The company was formerly known as Alliance One International, Inc and changed its name to Pyxus International, Inc in September 2018.
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