PhenixFIN (NYSE:PFX) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

PhenixFIN Co. (NYSE:PFX – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $43.52 and traded as low as $43.31. PhenixFIN shares last traded at $43.1150, with a volume of 1,135 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded PhenixFIN from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Report on PFX

PhenixFIN Stock Performance

The company has a market capitalization of $83.26 million, a PE ratio of 5.29 and a beta of 0.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average price of $45.72 and a 200 day moving average price of $43.52.

Hedge Funds Weigh In On PhenixFIN

An institutional investor recently bought a new stake in PhenixFIN stock. Legal & General Group Plc acquired a new position in shares of PhenixFIN Co. (NYSE:PFX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,140 shares of the company’s stock, valued at approximately $655,000. Legal & General Group Plc owned 0.78% of PhenixFIN as of its most recent SEC filing. 43.35% of the stock is owned by institutional investors.

PhenixFIN Company Profile

(Get Free Report)

PhenixFIN Corporation is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Through its investment activities, the company seeks to provide financing to privately held, middle-market businesses, primarily in the United States.

PhenixFIN generally invests in privately negotiated debt and equity securities. Its portfolio may include secured and unsecured loans, subordinated debt, and equity or equity-related investments.

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