Fenix Parts Inc. (FENX) Shares Down 9.7%
Fenix Parts Inc. (NASDAQ:FENX) fell 9.7% during trading on Wednesday . The stock traded as low as $4.72 and last traded at $4.73, with a volume of 64,412 shares. The stock had previously closed at $5.24.
Several brokerages recently commented on FENX. Zacks Investment Research lowered shares of Fenix Parts from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets reaffirmed a “buy” rating on shares of Fenix Parts in a research note on Monday, May 2nd.
The stock has a 50 day moving average of $4.29 and a 200 day moving average of $4.44. The firm’s market cap is $95.79 million.
Fenix Parts (NASDAQ:FENX) last posted its quarterly earnings data 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. Equities analysts forecast that Fenix Parts Inc. will post ($0.54) earnings per share for the current year.
An institutional investor recently raised its position in Fenix Parts stock. Jennison Associates LLC increased its stake in Fenix Parts Inc. (NASDAQ:FENX) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 9.28% of Fenix Parts worth $12,721,000 as of its most recent SEC filing.
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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