PhoneX (OTCMKTS:PXHI) Shares Down 0.8% – Should You Sell?

PhoneX Holdings, Inc. (OTCMKTS:PXHI)’s stock price was down 0.8% during trading on Friday . The stock traded as low as $1.19 and last traded at $1.19. Approximately 4,000 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 3,070 shares. The stock had previously closed at $1.20.

PhoneX Stock Down 0.8 %

The firm’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.16. The company has a market cap of $42.50 million, a price-to-earnings ratio of 7.44 and a beta of 2.24.

PhoneX (OTCMKTS:PXHI) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.01 EPS 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.