Foxx Development (NASDAQ:FOXX) Posts Quarterly Earnings Results

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

Foxx Development Price Performance

FOXX stock traded up $0.07 during mid-day trading on Monday, reaching $2.57. 7,759 shares of the company traded hands, compared to its average volume of 561,126. The company 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 52-week low of $1.71 and a 52-week high of $7.90. The company has a fifty day moving average price of $2.63 and a 200-day moving average price of $3.62.

Analyst Upgrades and Downgrades

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

About Foxx Development

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.