PhoneX (OTCMKTS:PXHI) Releases Earnings Results

PhoneX (OTCMKTS:PXHI) issued its quarterly earnings results on Friday. The company reported $0.02 earnings per share for the quarter, Zacks reports.

PhoneX Stock Performance

PXHI stock remained flat at $1.10 during midday trading on Friday. 40 shares of the company’s stock were exchanged, compared to its average volume of 2,058. PhoneX has a 1 year low of $1.00 and a 1 year high of $3.25. The stock has a market capitalization of $37.58 million, a PE ratio of 1.40 and a beta of 0.76. The stock’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.63.

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.