Fenix Parts Inc (NASDAQ:FENX) has been downgraded to Neutral in a statement by Roth Capital earlier today.
- Updated: October 14, 2016
Boasting a price of $3.45, Fenix Parts Inc (NASDAQ:FENX) traded 3.51% higher on the day. With the last stock price close down -16.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fenix Parts Inc has recorded a 50-day average of $4.10 and a two hundred day average of $4.22. Volume of trade was up over the average, with 92,786 shares of FENX changing hands over the typical 68,795
Roth Capital has downgraded Fenix Parts Inc (NASDAQ:FENX) to Neutral in a statement released on 10/14/2016.
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Fenix Parts Inc has a 52 week low of $2.94 and a 52 week high of $8.50 The company’s market cap is currently $0.
About Fenix Parts Inc (NASDAQ:FENX)
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. The Company purchases its vehicles primarily at auto salvage auctions. Upon receipt of vehicles, the Company inventories and then dismantles the vehicles and sells the recycled components. Its customers include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. The Company also generates a portion of its revenue from the sale as scrap of the unusable parts and materials, from the sale of used cars and motorcycles, the sale of aftermarket parts, and from the sale of extended warranty contracts.
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