PhenixFIN (NYSE:PFX) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• PhenixFIN's share price recently fell below its 50-day moving average of $49.03, trading as low as $47.70, raising questions about whether it's time to sell.
• Institutional investor Osaic Holdings Inc. increased its holdings in PhenixFIN by 55.4%, now owning 847 shares valued at approximately $43,000.
• PhenixFIN is a business development company focused on investing in small and middle market companies across various sectors, including healthcare, telecommunications, and real estate.

PhenixFIN Co. (NYSE:PFX - )'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $49.03 and traded as low as $47.70. PhenixFIN shares last traded at $48.05, with a volume of 1,470 shares.

PhenixFIN Trading Up 0.0%

The business's 50-day moving average is $49.03 and its two-hundred day moving average is $50.07. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $96.29 million, a PE ratio of 5.90 and a beta of 0.31.

Institutional Trading of PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Osaic Holdings Inc. increased its holdings in shares of PhenixFIN Co. (NYSE:PFX - Free Report) by 55.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 847 shares of the company's stock after purchasing an additional 302 shares during the period. Osaic Holdings Inc.'s holdings in PhenixFIN were worth $43,000 as of its most recent filing with the Securities and Exchange Commission. 43.35% of the stock is owned by hedge funds and other institutional investors.

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.

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