PhoneX (OTCMKTS:PXHI) Shares Up 4.3% – Here’s What Happened

Shares of PhoneX Holdings, Inc. (OTCMKTS:PXHI – Get Free Report) traded up 4.3% on Wednesday. The company traded as high as $1.20 and last traded at $1.20. 100 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,605 shares. The stock had previously closed at $1.15.

PhoneX Price Performance

The stock has a market capitalization of $41.75 million, a PE ratio of 1.50 and a beta of 0.71. The company has a 50 day moving average price of $1.16 and a 200-day moving average price of $1.29.

PhoneX (OTCMKTS:PXHI – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.01 EPS for the quarter. The business had revenue of $2.38 million for 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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