PhoneX (OTCMKTS:PXHI) Shares Up 2.6% - Here's What Happened

Key Points

• PhoneX Holdings, Inc. (OTCMKTS:PXHI) shares increased by 2.6% during trading, reaching a high of $2.09 before closing at $2.06.
• The company's most recent earnings report showed an EPS of $0.74 and revenue of $2.36 million.
• PhoneX operates as a market maker for used smartphones, acquiring devices from consumers and retailers, and then selling them to various professional buyers.

Shares of PhoneX Holdings, Inc. (OTCMKTS:PXHI - Get Free Report) traded up 2.6% during trading on Monday . The company traded as high as $2.09 and last traded at $2.06. 3,537 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 32,365 shares. The stock had previously closed at $2.01.

PhoneX Stock Performance

The business's 50 day moving average is $2.16 and its 200 day moving average is $1.66. The company has a market capitalization of $69.92 million, a price-to-earnings ratio of 12.89 and a beta of 2.17.

PhoneX (OTCMKTS:PXHI - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.74 EPS for the quarter. The company had revenue of $2.36 million during 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.

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