Fenix Parts Inc. (FENX) Stock Price Up 5.6%
Fenix Parts Inc. (NASDAQ:FENX)’s share price rose 5.6% during mid-day trading on Thursday . The company 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.
FENX has been the subject of a number of recent research reports. BMO Capital Markets reissued a “buy” rating on shares of Fenix Parts in a report on Monday, May 2nd. Zacks Investment Research raised Fenix Parts from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 15th.
The company has a 50 day moving average price of $4.00 and a 200-day moving average price of $4.44. The firm’s market cap is $91.00 million.
Fenix Parts (NASDAQ:FENX) last posted its quarterly earnings results on Tuesday, June 28th. The company reported ($1.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $1.96. Equities research analysts anticipate that Fenix Parts Inc. will post ($0.54) earnings per share for the current year.
A hedge fund recently raised its stake in Fenix Parts stock. Jennison Associates LLC raised its position in 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 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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