PhoneX (OTCMKTS:PXHI) Trading 1% Higher – Still a Buy?

PhoneX Holdings, Inc. (OTCMKTS:PXHI) shares rose 1% during mid-day trading on Wednesday . The stock traded as high as $1.1612 and last traded at $1.1612. 400 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 603 shares. The stock had previously closed at $1.15.

PhoneX Trading Up 1.0%

The company’s 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.47. The company has a market cap of $40.36 million, a P/E ratio of 1.47 and a beta of 0.73.

PhoneX (OTCMKTS:PXHI) last released its earnings results on Friday, May 15th. The company reported $0.02 EPS for the quarter. The firm had revenue of $2.63 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.