PhoneX (OTCMKTS:PXHI) Shares Down 0.6% – Here’s Why

Shares of PhoneX Holdings, Inc. (OTCMKTS:PXHI) dropped 0.6% on Thursday . The company traded as low as $1.60 and last traded at $1.60. Approximately 2,000 shares changed hands during trading, an increase of 9% from the average daily volume of 1,829 shares. The stock had previously closed at $1.61.

PhoneX Trading Down 0.6%

The company has a market cap of $54.26 million, a P/E ratio of 2.05 and a beta of 0.85. The business’s 50 day simple moving average is $1.80 and its 200 day simple moving average is $1.92.

PhoneX (OTCMKTS:PXHI) last issued its earnings results on Friday, November 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $2.19 million for the quarter.

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.