PhoneX (OTCMKTS:PXHI) Stock Price Down 6.5% – Should You Sell?

PhoneX Holdings, Inc. (OTCMKTS:PXHI)’s stock price fell 6.5% on Thursday . The stock traded as low as $1.36 and last traded at $1.36. Approximately 500 shares changed hands during trading, a decline of 93% from the average session volume of 6,692 shares. The stock had previously closed at $1.45.

PhoneX Trading Down 6.5 %

The stock has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.18. The stock has a market cap of $48.48 million, a price-to-earnings ratio of 8.48 and a beta of 2.40.

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.