PhoneX (OTCMKTS:PXHI) Announces Earnings Results

PhoneX (OTCMKTS:PXHI) issued its earnings results on Friday. The company reported $0.01 earnings per share for the quarter, Zacks reports.

PhoneX Price Performance

Shares of OTCMKTS PXHI remained flat at $1.17 during midday trading on Friday. The company has a market capitalization of $41.79 million, a P/E ratio of 7.31 and a beta of 2.24. The company’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.20. PhoneX has a 12 month low of $0.80 and a 12 month high of $1.64.

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.