Today’s Stock On Watch: Could Fenix Parts Inc Crash Even More? The Stock Had Another Big Decline Today

Today's Stock On Watch: Could Fenix Parts Inc Crash Even More? The Stock Had Another Big Decline Today

The stock of Fenix Parts Inc (NASDAQ:FENX) is a huge mover today! About 103,713 shares traded hands or 21.57% up from the average. Fenix Parts Inc (NASDAQ:FENX) has declined 26.71% since March 7, 2016 and is downtrending. It has underperformed by 34.30% the S&P500.
The move comes after 7 months negative chart setup for the $82.12M company. It was reported on Oct, 10 by Barchart.com. We have $3.51 PT which if reached, will make NASDAQ:FENX worth $9.85 million less.

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. On Tuesday, December 22 the stock rating was initiated by Roth Capital with “Buy”. As per Tuesday, January 19, the company rating was maintained by Stifel Nicolaus. As per Tuesday, December 22, the company rating was initiated by TH Capital.

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.”

Another recent and important Fenix Parts Inc (NASDAQ:FENX) news was published by Quotes.Wsj.com which published an article titled: “News Fenix Parts Inc.FENX” on May 08, 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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