PhenixFIN (NYSE:PFX) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Key Points

• PhenixFIN's stock price fell below its 50-day moving average on Monday, trading as low as $47.95 before closing at $48.37.
• A hedge fund increased its stake in PhenixFIN by 55.4%, now owning 847 shares valued at $43,000 as of the last quarter.
• PhenixFIN has a market capitalization of $96.94 million and a P/E ratio of 5.94, indicating potentially undervalued stock.

PhenixFIN Co. (NYSE:PFX - )'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $49.19 and traded as low as $47.95. PhenixFIN shares last traded at $48.37, with a volume of 1,640 shares.

PhenixFIN Trading Up 0.5%

The firm has a market cap of $96.94 million, a PE ratio of 5.94 and a beta of 0.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock's fifty day simple moving average is $49.19 and its two-hundred day simple moving average is $50.28.

Institutional Investors Weigh In On PhenixFIN

A hedge fund recently raised its stake in PhenixFIN stock. Osaic Holdings Inc. boosted its holdings in PhenixFIN Co. (NYSE:PFX - Free Report) by 55.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 847 shares of the company's stock after purchasing an additional 302 shares during the quarter. Osaic Holdings Inc.'s holdings in PhenixFIN were worth $43,000 at the end of the most recent quarter. 43.35% of the stock is owned by institutional investors and hedge funds.

About PhenixFIN

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.

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