Fenix Parts (FENX) Downgraded by ValuEngine

ValuEngine lowered shares of Fenix Parts (OTCMKTS:FENX) from a buy rating to a hold rating in a report published on Tuesday.

Fenix Parts (OTCMKTS FENX) opened at $0.48 on Tuesday. Fenix Parts has a 52 week low of $0.16 and a 52 week high of $2.48. The firm has a market capitalization of $9.82, a P/E ratio of -0.24 and a beta of 1.02.

A hedge fund recently bought a new stake in Fenix Parts stock. Alyeska Investment Group L.P. acquired a new position in Fenix Parts Inc (OTCMKTS:FENX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 834,909 shares of the auto parts company’s stock, valued at approximately $597,000. Alyeska Investment Group L.P. owned about 4.08% of Fenix Parts as of its most recent SEC filing. Institutional investors and hedge funds own 4.08% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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