PhoneX (OTCMKTS:PXHI) Stock Price Up 9.7% – Time to Buy?

PhoneX Holdings, Inc. (OTCMKTS:PXHI)’s share price shot up 9.7% during mid-day trading on Thursday . The stock traded as high as $1.70 and last traded at $1.70. 500 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,943 shares. The stock had previously closed at $1.55.

PhoneX Stock Up 9.7%

The firm has a market cap of $57.65 million, a P/E ratio of 2.18 and a beta of 0.89. The stock’s 50-day moving average is $1.74 and its 200-day moving average is $1.95.

PhoneX Company Profile

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.