PhenixFIN (NYSE:PFX) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

PhenixFIN Co. (NYSE:PFX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.56 and traded as low as $43.49. PhenixFIN shares last traded at $43.18, with a volume of 333 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of PhenixFIN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

PhenixFIN Price Performance

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a fifty day simple moving average of $46.55 and a 200-day simple moving average of $48.55. The company has a market capitalization of $86.53 million, a price-to-earnings ratio of 5.30 and a beta of 0.40.

Institutional Trading of PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC grew its holdings in PhenixFIN Co. (NYSE:PFX) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,449 shares of the company’s stock after buying an additional 12,925 shares during the quarter. PhenixFIN accounts for 4.8% of Adalta Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Adalta Capital Management LLC owned about 8.34% of PhenixFIN worth $8,931,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 43.35% of the company’s stock.

PhenixFIN Company Profile

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.