PhenixFIN (NYSE:PFX) Stock Passes Below 50 Day Moving Average of $34.20

PhenixFIN Co. (NYSE:PFX – Get Rating)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.20 and traded as low as $33.35. PhenixFIN shares last traded at $33.55, with a volume of 100 shares traded.

PhenixFIN Stock Performance

The firm has a market capitalization of $70.46 million, a P/E ratio of -10.96 and a beta of 1.24. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The business’s 50 day simple moving average is $34.20 and its two-hundred day simple moving average is $35.57.

PhenixFIN (NYSE:PFX – Get Rating) last posted its quarterly earnings data on Friday, December 16th. The company reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $5.10 million for the quarter, compared to the consensus estimate of $3.88 million. PhenixFIN had a negative net margin of 39.28% and a positive return on equity of 2.56%. Sell-side analysts anticipate that PhenixFIN Co. will post 2.17 EPS for the current fiscal year.

Institutional Investors Weigh In On PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC raised its position in shares of PhenixFIN Co. (NYSE:PFX – Get Rating) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,080 shares of the company’s stock after acquiring an additional 20,800 shares during the period. PhenixFIN makes up about 2.8% of Adalta Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Adalta Capital Management LLC owned 5.10% of PhenixFIN worth $3,889,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.76% of the company’s stock.

PhenixFIN Company Profile

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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.