PhoneX (OTCMKTS:PXHI) Trading Down 5.6% – Here’s Why

Shares of PhoneX Holdings, Inc. (OTCMKTS:PXHI) dropped 5.6% during mid-day trading on Tuesday . The company traded as low as $1.01 and last traded at $1.01. Approximately 1,000 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 2,442 shares. The stock had previously closed at $1.07.

PhoneX Stock Down 5.6 %

The company has a market cap of $36.07 million, a P/E ratio of 6.69 and a beta of 2.25. The company has a fifty day moving average of $1.17 and a 200 day moving average of $1.27.

PhoneX (OTCMKTS:PXHI) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $44.27 million for the quarter.

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.