Fenix Parts Inc. (FENX) Stock Rating Lowered by Roth Capital
Fenix Parts Inc. (NASDAQ:FENX) was downgraded by Roth Capital from a “buy” rating to a “neutral” rating in a research report issued on Friday.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Fenix Parts from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Fenix Parts in a research report on Tuesday, July 5th.
Fenix Parts (NASDAQ:FENX) traded up 3.51% during midday trading on Friday, hitting $3.54. The company’s stock had a trading volume of 57,079 shares. Fenix Parts has a 52-week low of $2.94 and a 52-week high of $8.50. The stock has a 50 day moving average of $4.10 and a 200 day moving average of $4.22. The company’s market cap is $70.65 million.
Large investors have recently modified their holdings of the company. Royce & Associates LP increased its stake in shares of Fenix Parts by 28.0% in the first quarter. Royce & Associates LP now owns 1,532,700 shares of the company’s stock worth $7,050,000 after buying an additional 335,500 shares during the period. Paloma Partners Management Co purchased a new stake in Fenix Parts during the second quarter worth $215,000. Vanguard Group Inc. increased its stake in Fenix Parts by 8.5% in the second quarter. Vanguard Group Inc. now owns 645,328 shares of the company’s stock worth $2,536,000 after buying an additional 50,638 shares during the last quarter. Jennison Associates LLC increased its stake in Fenix Parts by 0.7% in the second quarter. Jennison Associates LLC now owns 1,976,971 shares of the company’s stock worth $7,769,000 after buying an additional 13,784 shares during the last quarter. Finally, State Street Corp increased its stake in Fenix Parts by 9.3% in the first quarter. State Street Corp now owns 134,502 shares of the company’s stock worth $618,000 after buying an additional 11,404 shares during the last quarter. Institutional investors own 58.62% of the company’s stock.
About Fenix Parts
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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