Fenix Parts Inc. (NASDAQ:FENX) shares dropped 8.7% during trading on Tuesday . The stock traded as low as $3.97 and last traded at $4.00, with a volume of 163,415 shares. The stock had previously closed at $4.38.

FENX has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Fenix Parts from a “sell” rating to a “hold” rating in a research note on Monday, March 21st. BMO Capital Markets reaffirmed a “buy” rating on shares of Fenix Parts in a report on Monday, May 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $10.50.

The stock has a 50 day moving average of $3.80 and a 200-day moving average of $4.77. The stock’s market capitalization is $79.63 million.

Fenix Parts (NASDAQ:FENX) last released its quarterly earnings data on Tuesday, June 28th. The company reported ($1.97) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $1.96. On average, analysts anticipate that Fenix Parts Inc. will post ($0.54) earnings per share for the current year.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. GSA Capital Partners LLP raised its position in shares of Fenix Parts by 27.6% in the fourth quarter. GSA Capital Partners LLP now owns 178,690 shares of the company’s stock worth $1,213,000 after buying an additional 38,603 shares during the last quarter. Royce & Associates LLC raised its position in shares of Fenix Parts by 7.4% in the fourth quarter. Royce & Associates LLC now owns 1,197,200 shares of the company’s stock worth $8,129,000 after buying an additional 82,325 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Fenix Parts by 6.7% in the fourth quarter. Jennison Associates LLC now owns 1,873,498 shares of the company’s stock worth $12,721,000 after buying an additional 117,930 shares during the last quarter.

Fenix Parts, Inc is engaged in auto recycling business. The Company recovers and resells original equipment manufacturer (OEM) parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats reclaimed from damaged, totaled or low value vehicles. The Company operates through Automobile Recycling segment.

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