ValuEngine upgraded shares of usell.com Inc. (OTCMKTS:USEL) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning.

usell.com (OTCMKTS:USEL) opened at 0.5578 on Friday. usell.com has a 52 week low of $0.43 and a 52 week high of $0.99. The firm’s 50-day moving average price is $0.63 and its 200 day moving average price is $0.71. The firm’s market cap is $11.24 million.

usell.com (OTCMKTS:USEL) last released its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.06) earnings per share for the quarter. usell.com had a negative net margin of 3.53% and a negative return on equity of 28.11%. The business had revenue of $24.64 million during the quarter. Equities analysts forecast that usell.com will post ($0.41) earnings per share for the current fiscal year.

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About usell.com

uSell.com, Inc (uSell) is a technology-based company. The Company focuses on extracting the value from used mobile devices. It acquires products from both individual consumers, on its Website, uSell.com, and from carriers, retailers and manufacturers through its subsidiary, We Sell Cellular, LLC. These devices are then distributed across the world, which leverages an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion.

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