Fenix Parts (FENX) Cut to “Hold” at ValuEngine
Fenix Parts (OTCMKTS:FENX) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.
Shares of Fenix Parts (OTCMKTS:FENX) opened at $0.46 on Tuesday. Fenix Parts has a twelve month low of $0.16 and a twelve month high of $2.50. The firm has a market cap of $9.21, a PE ratio of -0.23 and a beta of 1.02.
A hedge fund recently bought a new stake in Fenix Parts stock. Alyeska Investment Group L.P. bought a new stake in shares of Fenix Parts Inc (OTCMKTS:FENX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 834,909 shares of the auto parts company’s stock, valued at approximately $597,000. Alyeska Investment Group L.P. owned 4.08% of Fenix Parts at the end of the most recent quarter. 4.08% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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