PhenixFIN (NYSE:PFX) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

PhenixFIN Co. (NYSE:PFX) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $43.52 and traded as low as $43.31. PhenixFIN shares last traded at $43.1150, with a volume of 1,135 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded PhenixFIN from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

PhenixFIN Price Performance

The company has a market capitalization of $83.26 million, a P/E ratio of 5.29 and a beta of 0.32. The business’s 50-day simple moving average is $45.72 and its 200 day simple moving average is $43.52. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On PhenixFIN

An institutional investor recently bought a new position in PhenixFIN stock. Legal & General Group Plc acquired a new position in PhenixFIN Co. (NYSE:PFX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,140 shares of the company’s stock, valued at approximately $655,000. Legal & General Group Plc owned approximately 0.78% of PhenixFIN as of its most recent filing with the SEC. Hedge funds and other institutional investors own 43.35% of the company’s stock.

About PhenixFIN

PhenixFIN Corporation is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Through its investment activities, the company seeks to provide financing to privately held, middle-market businesses, primarily in the United States.

PhenixFIN generally invests in privately negotiated debt and equity securities. Its portfolio may include secured and unsecured loans, subordinated debt, and equity or equity-related investments.