Fenix Parts (FENX) is Initiated by ROTH Capital to Buy, Price Target at $9

Fenix Parts (FENX) is Initiated by ROTH Capital to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $9. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Fenix Parts, Inc. (NASDAQ:FENX) ended Thursday session in red amid volatile trading. The shares closed down 0.17 points or 2.66% at $6.21 with 69,592 shares getting traded. Post opening the session at $6.04, the shares hit an intraday low of $6.04 and an intraday high of $6.48 and the price vacillated in this range throughout the day. The company has a market cap of $125 million and the number of outstanding shares has been calculated to be 20,198,543 shares. The 52-week high of Fenix Parts, Inc. (NASDAQ:FENX) is $11.92 and the 52-week low is $5.4.

Research firm Zacks has rated Fenix Parts, Inc. (NASDAQ:FENX) and has ranked it at 4, indicating that for the short term the shares are a sell. 5 Wall Street analysts have given the company an average rating of 1. Strong buy was given by 5 Wall Street Analysts.

Fenix Parts, Inc. (NASDAQ:FENX): 5 analysts have set the short term price target of Fenix Parts, Inc. (NASDAQ:FENX) at $12.5. The standard deviation of short term price target has been estimated at $2, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 15 and $10 respectively.

Fenix Parts, Inc. has dropped 6.62% in the last five trading days, however, the shares have posted positive gains of 3.85% in the last 4 weeks. Fenix Parts, Inc. has dropped 23.33% during the last 3-month period . Year-to-Date the stock performance stands at -31.61%.