PhoneX (OTCMKTS:PXHI) Trading Up 2.6% - Should You Buy?

Key Points

• PhoneX Holdings, Inc. (OTCMKTS:PXHI) saw a stock increase of 2.6% during trading, with prices reaching as high as $2.76 before closing at $2.75.
• The company's recent quarterly earnings revealed an EPS of $0.74 and revenue of $2.36 million.
• PhoneX operates as a market maker of used smartphones, sourcing from consumers and various retailers to sell directly to professional buyers and online platforms.

PhoneX Holdings, Inc. (OTCMKTS:PXHI - Get Free Report) was up 2.6% during trading on Friday . The stock traded as high as $2.76 and last traded at $2.75. Approximately 14,041 shares were traded during trading, a decline of 75% from the average daily volume of 55,719 shares. The stock had previously closed at $2.68.

PhoneX Trading Up 2.6%

The firm has a fifty day moving average price of $1.94 and a 200 day moving average price of $1.60. The firm has a market cap of $93.25 million, a PE ratio of 17.19 and a beta of 2.14.

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

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