PhenixFIN (NYSE:PFX) Share Price Passes Above 50 Day Moving Average - Should You Sell?

PhenixFIN Co. (NYSE:PFX - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $47.56 and traded as high as $48.98. PhenixFIN shares last traded at $48.98, with a volume of 1,007 shares trading hands.

PhenixFIN Stock Up 6.5 %

The stock has a market capitalization of $98.94 million, a P/E ratio of 5.09 and a beta of 1.00. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.55. The stock's 50 day simple moving average is $47.56 and its 200 day simple moving average is $46.76.

Hedge Funds Weigh In On PhenixFIN

An institutional investor recently raised its position in PhenixFIN stock. Adalta Capital Management LLC grew its position in shares of PhenixFIN Co. (NYSE:PFX - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,309 shares of the company's stock after buying an additional 6,595 shares during the period. PhenixFIN comprises 3.5% of Adalta Capital Management LLC's portfolio, making the stock its 11th largest position. Adalta Capital Management LLC owned 7.05% of PhenixFIN worth $6,257,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.