PhenixFIN (NYSE:PFX) Stock Passes Above Fifty Day Moving Average - Here's Why

Shares of PhenixFIN Co. (NYSE:PFX - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $48.16 and traded as high as $49.66. PhenixFIN shares last traded at $49.50, with a volume of 2,781 shares.

PhenixFIN Price Performance

The stock has a market capitalization of $99.99 million, a P/E ratio of 5.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.75 and a current ratio of 1.75. The business has a fifty day simple moving average of $48.21 and a 200-day simple moving average of $47.60.

Insider Activity at PhenixFIN

In other news, CEO David A. Lorber purchased 12,871 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $618,451.55. Following the completion of the acquisition, the chief executive officer now owns 138,854 shares in the company, valued at approximately $6,671,934.70. The trade was a 10.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.40% of the stock is owned by corporate insiders.

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.