Fenix Parts Inc (FENX) Upgraded by Zacks Investment Research to Hold
Fenix Parts Inc (NASDAQ:FENX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Fenix Parts, Inc. is a recycler and reseller of original equipment manufacturer automotive products primarily in the United States and Canada. The company’s primary business includes auto recycling, which is the recovery and resale of OEM parts, components and systems reclaimed from damaged, totaled or low value vehicles. It serves collision repair shops, mechanical repair shops, auto dealerships and individual retail customers. Fenix Parts, Inc. is headquartered in Miami, Florida. “
Fenix Parts (FENX) remained flat at $0.78 during trading on Monday. 40,988 shares of the company traded hands. The company’s 50 day moving average is $0.74 and its 200 day moving average is $1.12. The stock’s market cap is $15.86 million. Fenix Parts has a 1-year low of $0.40 and a 1-year high of $4.60.
An institutional investor recently raised its position in Fenix Parts stock. HighTower Advisors LLC increased its stake in shares of Fenix Parts Inc (NASDAQ:FENX) by 1.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 313,227 shares of the auto parts company’s stock after buying an additional 3,000 shares during the quarter. HighTower Advisors LLC owned about 1.56% of Fenix Parts worth $486,000 at the end of the most recent reporting period. 52.32% of the stock is currently owned by institutional investors and hedge funds.
Fenix Parts Company Profile
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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