PhoneX (OTCMKTS:PXHI) Releases Quarterly 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 Price Performance

Shares of PhoneX stock remained flat at $1.10 during midday trading on Friday. 40 shares of the company were exchanged, compared to its average volume of 2,058. The firm has a market cap of $37.58 million, a P/E ratio of 1.40 and a beta of 0.76. The company’s fifty day moving average is $1.29 and its two-hundred day moving average is $1.63. PhoneX has a fifty-two week low of $1.00 and a fifty-two week high of $3.25.

About PhoneX

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.