Fenix Parts Inc. (FENX) Trading 6.5% Higher
Shares of Fenix Parts Inc. (NASDAQ:FENX) traded up 6.5% on Thursday . The stock traded as high as $4.79 and last traded at $4.77, with a volume of 103,604 shares trading hands. The stock had previously closed at $4.48.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Fenix Parts from a “sell” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $7.00 price target (down previously from $8.00) on shares of Fenix Parts in a research note on Tuesday, July 5th.
The company’s market capitalization is $99.59 million. The firm’s 50 day moving average is $4.22 and its 200-day moving average is $4.44.
Fenix Parts (NASDAQ:FENX) last announced its quarterly earnings data on Tuesday, June 28th. The company reported ($1.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $1.96. On average, 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 raised its stake 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 fund 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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