Pyxus International (PYX) Shares Down 5.8%

Pyxus International Inc (NYSE:PYX) dropped 5.8% during mid-day trading on Monday . The stock traded as low as $17.01 and last traded at $17.36. Approximately 1,865,330 shares traded hands during trading, an increase of 66% from the average daily volume of 1,120,481 shares. The stock had previously closed at $18.42.

The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 3.97.

Pyxus International (NYSE:PYX) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($6.04) earnings per share (EPS) for the quarter. The company had revenue of $394.88 million for the quarter. Pyxus International had a net margin of 1.58% and a negative return on equity of 16.81%.

Several institutional investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. bought a new stake in shares of Pyxus International during the 3rd quarter valued at approximately $15,338,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Pyxus International during the 3rd quarter valued at approximately $3,352,000. Panagora Asset Management Inc. bought a new stake in shares of Pyxus International during the 3rd quarter valued at approximately $910,000. Bank of New York Mellon Corp grew its holdings in shares of Pyxus International by 11.3% during the 4th quarter. Bank of New York Mellon Corp now owns 36,689 shares of the company’s stock valued at $435,000 after purchasing an additional 3,720 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Pyxus International during the 3rd quarter valued at approximately $696,000. 58.54% of the stock is currently owned by institutional investors.

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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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