Latest Stocks: Zacks Investment Research Upgrades Fenix Parts Inc (FENX) to “Hold”

Latest Stocks: Zacks Investment Research Upgrades Fenix Parts Inc (FENX) to “Hold”

Fenix Parts Inc (NASDAQ:FENX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

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 (NASDAQ:FENX) opened at 1.50 on Friday. The stock’s market capitalization is $30.21 million. The firm’s 50-day moving average is $1.07 and its 200 day moving average is $2.07. Fenix Parts has a 12-month low of $0.74 and a 12-month high of $5.38. Fenix Parts (NASDAQ:FENX) last announced its quarterly earnings data on Tuesday, March 28th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.05. The business had revenue of $32.52 million for the quarter. Equities analysts expect that Fenix Parts will post ($2.12) EPS for the current year.

Fenix Parts (NASDAQ:FENX) opened at 1.50 on Friday. The stock’s market capitalization is $30.21 million. The firm’s 50-day moving average is $1.07 and its 200 day moving average is $2.07. Fenix Parts has a 12-month low of $0.74 and a 12-month high of $5.38. Institutional investors have recently bought and sold shares of the company. GRT Capital Partners L.L.C. bought a new position in Fenix Parts during the fourth quarter worth $206,000. Geode Capital Management LLC boosted its position in Fenix Parts by 0.5% in the first quarter. Geode Capital Management LLC now owns 80,849 shares of the auto parts company’s stock worth $125,000 after buying an additional 426 shares during the period. Sanders Morris Harris Inc. boosted its position in Fenix Parts by 52.5% in the first quarter. Sanders Morris Harris Inc. now owns 138,350 shares of the auto parts company’s stock worth $214,000 after buying an additional 47,600 shares during the period. HighTower Advisors LLC boosted its position in Fenix Parts by 1.0% in the first quarter. HighTower Advisors LLC now owns 313,227 shares of the auto parts company’s stock worth $486,000 after buying an additional 3,000 shares during the period. Finally, Vanguard Group Inc. boosted its position in Fenix Parts by 0.3% in the first quarter. Vanguard Group Inc. now owns 636,304 shares of the auto parts company’s stock worth $986,000 after buying an additional 1,710 shares during the period. 60.98% of the stock is currently owned by institutional investors and hedge funds.

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