Fenix Parts (FENX) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Fenix Parts (OTCMKTS:FENX) from a hold rating to a buy rating in a report issued on Friday.
Separately, Zacks Investment Research upgraded Fenix Parts from a strong sell rating to a hold rating in a research report on Monday, September 18th.
Shares of Fenix Parts (FENX) traded down $0.01 during mid-day trading on Friday, reaching $0.34. The company’s stock had a trading volume of 25,715 shares, compared to its average volume of 25,049. Fenix Parts has a 52 week low of $0.34 and a 52 week high of $3.48.
A hedge fund recently bought a new stake in Fenix Parts stock. Alyeska Investment Group L.P. purchased a new position in shares of Fenix Parts, Inc. (OTCMKTS:FENX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 834,909 shares of the auto parts company’s stock, valued at approximately $597,000. Alyeska Investment Group L.P. owned approximately 4.08% of Fenix Parts at the end of the most recent quarter. 4.66% of the stock is currently owned by hedge funds and other institutional investors.
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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