Fenix Parts Inc. (FENX) Trading Up 5.6%
Fenix Parts Inc. (NASDAQ:FENX) was up 5.6% on Thursday . The stock traded as high as $4.60 and last traded at $4.56, with a volume of 51,821 shares traded. The stock had previously closed at $4.32.
Several equities research analysts have recently weighed in on FENX shares. Zacks Investment Research lowered Fenix Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. BMO Capital Markets reissued an “outperform” rating and set a $7.00 price objective (down from $8.00) on shares of Fenix Parts in a research note on Tuesday, July 5th.
The firm’s market capitalization is $92.20 million. The stock’s 50 day moving average price is $4.04 and its 200-day moving average price is $4.44.
Fenix Parts (NASDAQ:FENX) last posted its earnings results on Tuesday, June 28th. The company reported ($1.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $1.96. Equities research analysts expect that Fenix Parts Inc. will post ($0.54) EPS for the current fiscal year.
An institutional investor recently raised its position in Fenix Parts stock. Jennison Associates LLC boosted its position in shares of Fenix Parts Inc. (NASDAQ:FENX) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,873,498 shares of the company’s stock after buying an additional 117,930 shares during the period. Jennison Associates LLC owned about 9.28% of Fenix Parts worth $12,721,000 at the end of the most recent reporting period.
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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