PhenixFIN (NYSE:PFX) Stock Passes Above Fifty Day Moving Average – Should You Sell?

PhenixFIN Co. (NYSE:PFX)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $47.94 and traded as high as $50.64. PhenixFIN shares last traded at $50.64, with a volume of 2,309 shares.

PhenixFIN Price Performance

The stock has a 50 day simple moving average of $48.01 and a 200-day simple moving average of $47.47. The firm has a market cap of $101.16 million, a PE ratio of 5.20 and a beta of 1.02. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.55.

Insider Buying and Selling

In related news, CEO David A. Lorber acquired 12,871 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of $48.05 per share, with a total value of $618,451.55. Following the acquisition, the chief executive officer now directly owns 138,854 shares of the company’s stock, valued at approximately $6,671,934.70. This trade represents a 10.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 22.40% of the stock is owned by 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.