PhoneX (OTCMKTS:PXHI) Shares Down 5.6% – What’s Next?

PhoneX Holdings, Inc. (OTCMKTS:PXHIGet Free Report)’s stock price traded down 5.6% on Tuesday . The stock traded as low as $1.01 and last traded at $1.01. 1,000 shares traded hands during trading, a decline of 59% from the average session volume of 2,442 shares. The stock had previously closed at $1.07.

PhoneX Stock Performance

The stock has a market capitalization of $36.07 million, a PE ratio of 6.69 and a beta of 2.25. The firm’s fifty day moving average price is $1.16 and its two-hundred day moving average price is $1.27.

PhoneX (OTCMKTS:PXHIGet Free Report) last posted its earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $44.27 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.

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