Fenix Parts Inc. (FENX) Stock Price Up 6.5%
Fenix Parts Inc. (NASDAQ:FENX) shares rose 6.5% during mid-day trading on Thursday . The company traded as high as $4.79 and last traded at $4.77, with a volume of 103,604 shares changing hands. The stock had previously closed at $4.48.
FENX has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Fenix Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $7.00 target price (down previously from $8.00) on shares of Fenix Parts in a research note on Tuesday, July 5th.
The company’s market capitalization is $95.39 million. The firm has a 50-day moving average of $4.16 and a 200-day moving average of $4.43.
Fenix Parts (NASDAQ:FENX) last released its quarterly earnings results on Tuesday, June 28th. The company reported ($1.97) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $1.96. On average, equities analysts expect that Fenix Parts Inc. will post ($0.54) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Fenix Parts stock. Jennison Associates LLC increased its stake in shares of Fenix Parts Inc. (NASDAQ:FENX) by 6.7% during the fourth quarter, according to its most recent 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 approximately 9.28% of Fenix Parts worth $12,721,000 as of its most recent filing with the SEC.
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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