Foxx Development (NASDAQ:FOXX) Issues Quarterly Earnings Results

Foxx Development (NASDAQ:FOXX) issued its quarterly earnings data on Monday. The company reported ($1.30) earnings per share (EPS) for the quarter, Zacks reports.

Foxx Development Stock Up 2.8%

NASDAQ FOXX traded up $0.07 during trading hours on Monday, reaching $2.57. 7,759 shares of the company were exchanged, compared to its average volume of 561,126. The stock has a market capitalization of $18.09 million, a P/E ratio of -0.37 and a beta of -0.35. Foxx Development has a 1 year low of $1.71 and a 1 year high of $7.90. The business’s 50 day simple moving average is $2.63 and its 200-day simple moving average is $3.62.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Foxx Development Company Profile

Foxx Development Inc is a technology and consumer electronics company focused on mobile connectivity products and related services. The company develops, markets and distributes mobile devices, including smartphones and other consumer electronics, along with associated accessories.

Foxx’s business is centered on providing branded hardware and digital connectivity solutions to consumers through manufacturing, distribution and commercial partnerships. The company’s products and services are intended to support mobile communications and access to digital content.

Publicly available information about Foxx Development’s operating geographies, product portfolio and leadership is limited.