Foxx Development (NASDAQ:FOXX) Announces Earnings Results

Foxx Development (NASDAQ:FOXX) announced its earnings results on Monday. The company reported ($1.30) earnings per share (EPS) for the quarter, Zacks reports.

Foxx Development Stock Up 2.8%

Shares of NASDAQ FOXX traded up $0.07 during trading hours on Monday, reaching $2.57. 7,758 shares of the stock traded hands, compared to its average volume of 561,128. The company’s 50-day simple moving average is $2.63 and its two-hundred day simple moving average is $3.62. The company has a market capitalization of $18.09 million, a P/E ratio of -0.37 and a beta of -0.35. Foxx Development has a 52-week low of $1.71 and a 52-week high of $7.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Foxx Development

Foxx Development Inc is a technology and consumer electronics company focused on mobile connectivity products and related services. The company develops, markets and distributes mobile devices, including smartphones and other consumer electronics, along with associated accessories.

Foxx’s business is centered on providing branded hardware and digital connectivity solutions to consumers through manufacturing, distribution and commercial partnerships. The company’s products and services are intended to support mobile communications and access to digital content.

Publicly available information about Foxx Development’s operating geographies, product portfolio and leadership is limited.