PhoneX (OTCMKTS:PXHI) Trading 1.1% Higher – Should You Buy?

Shares of PhoneX Holdings, Inc. (OTCMKTS:PXHIGet Free Report) rose 1.1% during trading on Friday . The stock traded as high as $1.89 and last traded at $1.89. Approximately 694 shares traded hands during trading, a decline of 89% from the average daily volume of 6,531 shares. The stock had previously closed at $1.87.

PhoneX Price Performance

The firm has a market cap of $64.09 million, a P/E ratio of 2.42 and a beta of 0.84. The company’s 50-day simple moving average is $1.98 and its 200 day simple moving average is $1.80.

PhoneX (OTCMKTS:PXHIGet Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.03 EPS for the quarter. The business had revenue of $2.19 million during the quarter.

PhoneX Company Profile

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PhoneX Holdings, Inc operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms.

Further Reading

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