Price Don’t Lie: Today Fenix Parts Inc Stock Rises

Price Don't Lie: Today Fenix Parts Inc Stock Rises

The stock of Fenix Parts Inc (NASDAQ:FENX) is a huge mover today! About 97,671 shares traded hands or 15.62% up from the average. Fenix Parts Inc (NASDAQ:FENX) has declined 21.29% since March 2, 2016 and is downtrending. It has underperformed by 29.54% the S&P500.
The move comes after 9 months positive chart setup for the $84.73M company. It was reported on Oct, 5 by We have $6.38 PT which if reached, will make NASDAQ:FENX worth $44.91 million more.

Fenix Parts Inc (NASDAQ:FENX) Ratings Coverage

Out of 3 analysts covering Fenix Parts Inc (NASDAQ:FENX), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Fenix Parts Inc has been the topic of 4 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The stock of Fenix Parts Inc (NASDAQ:FENX) has “Buy” rating given on Tuesday, December 22 by TH Capital. The firm has “Buy” rating by Roth Capital given on Tuesday, December 22. Stifel Nicolaus maintained it with “Buy” rating and $9.0 target price in Tuesday, January 19 report.

According to Zacks Investment Research, “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.”

More important recent Fenix Parts Inc (NASDAQ:FENX) news were published by: which released: “News Fenix Parts Inc.FENX” on May 08, 2015, also published article titled: “What Investors Need to Know About the Fenix Parts IPO”, published: “UPDATE — Fenix Parts Announces First Quarter 2016 Results” on June 29, 2016. More interesting news about Fenix Parts Inc (NASDAQ:FENX) was released by: and their article: “Auto Co. Fenix Parts Eyes $100M IPO To Fund Merger” with publication date: April 09, 2015.

FENX Company Profile

Fenix Parts, Inc., incorporated on January 2, 2014, is engaged in auto recycling business. The Firm recovers and resells original equipment maker (OEM) parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats reclaimed from damaged, totaled or low value vehicles. The Firm operates through Automobile Recycling segment. The Firm 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. The Company’s clients include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. The Firm 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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