Fenix Parts Inc. (FENX) Trading Down 5.3%
Fenix Parts Inc. (NASDAQ:FENX) shares were down 5.3% during trading on Wednesday . The company traded as low as $4.39 and last traded at $4.48, with a volume of 82,314 shares changing hands. The stock had previously closed at $4.73.
A number of research analysts have recently commented on FENX shares. Zacks Investment Research downgraded Fenix Parts from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. 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 report on Tuesday, July 5th.
The stock has a 50-day moving average price of $4.16 and a 200-day moving average price of $4.43. The stock’s market cap is $89.41 million.
Fenix Parts (NASDAQ:FENX) last issued its quarterly earnings data on Tuesday, June 28th. The company reported ($1.97) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $1.96. Analysts expect that Fenix Parts Inc. will post ($0.54) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Fenix Parts stock. Jennison Associates LLC increased its position in shares of Fenix Parts Inc. (NASDAQ:FENX) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 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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