PhenixFIN (NYSE:PFX) Stock Crosses Below 50-Day Moving Average - Here's Why

Key Points

• PhenixFIN's stock price fell below its 50-day moving average of $48.85, trading as low as $47.20 before closing at $47.63.
• Institutional investors hold 43.35% of PhenixFIN's stock, with Osaic Holdings Inc. recently increasing its stake by 55.4%.
• The company has a market capitalization of $95.44 million and a PE ratio of 5.84, indicating relatively low valuation metrics in the market.

PhenixFIN Co. (NYSE:PFX - )'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $48.85 and traded as low as $47.20. PhenixFIN shares last traded at $47.63, with a volume of 1,321 shares.

PhenixFIN Stock Down 0.0%

The company's fifty day moving average is $48.85 and its 200-day moving average is $49.87. The company has a market capitalization of $95.44 million, a PE ratio of 5.84 and a beta of 0.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21.

Institutional Investors Weigh In On PhenixFIN

A hedge fund recently raised its stake in PhenixFIN stock. Osaic Holdings Inc. raised its stake in shares of PhenixFIN Co. (NYSE:PFX - Free Report) by 55.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847 shares of the company's stock after buying an additional 302 shares during the quarter. Osaic Holdings Inc.'s holdings in PhenixFIN were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 43.35% of the company's stock.

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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