Fenix Parts Inc. (NASDAQ:FENX) fell 3.8% during mid-day trading on Wednesday . The stock traded as low as $4.00 and last traded at $4.06, with a volume of 60,568 shares trading hands. The stock had previously closed at $4.22.
Several research firms recently issued reports on FENX. 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. Zacks Investment Research upgraded Fenix Parts from a “sell” rating to a “hold” rating in a report on Monday, August 29th.
The company’s market cap is $81.82 million. The firm has a 50 day moving average of $4.50 and a 200 day moving average of $4.41.
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Fenix Parts (NASDAQ:FENX) last released its quarterly earnings data on Tuesday, June 28th. The company reported ($1.97) EPS for the quarter, missing the consensus estimate of ($0.01) by $1.96. Fenix Parts had a negative net margin of 61.73% and a negative return on equity of 22.53%. Analysts expect that Fenix Parts Inc. will post ($0.54) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FENX. HighTower Advisors LLC raised its position in Fenix Parts by 0.5% in the second quarter. HighTower Advisors LLC now owns 293,831 shares of the company’s stock valued at $1,155,000 after buying an additional 1,604 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Fenix Parts by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 187,321 shares of the company’s stock valued at $862,000 after buying an additional 2,080 shares during the period. Geode Capital Management LLC raised its position in Fenix Parts by 6.7% in the first quarter. Geode Capital Management LLC now owns 83,793 shares of the company’s stock valued at $385,000 after buying an additional 5,234 shares during the period. State Street Corp raised its position in Fenix Parts by 9.3% in the first quarter. State Street Corp now owns 134,502 shares of the company’s stock valued at $618,000 after buying an additional 11,404 shares during the period. Finally, Jennison Associates LLC raised its position in Fenix Parts by 0.7% in the second quarter. Jennison Associates LLC now owns 1,976,971 shares of the company’s stock valued at $7,769,000 after buying an additional 13,784 shares during the period. 58.62% of the stock is currently owned by institutional investors.
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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