PhoneX (OTCMKTS:PXHI) Releases Quarterly Earnings Results

PhoneX (OTCMKTS:PXHI) announced its quarterly earnings results on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $2.63 million for the quarter.

PhoneX Stock Performance

Shares of OTCMKTS:PXHI opened at $1.10 on Friday. The company has a fifty day moving average of $1.28 and a 200-day moving average of $1.63. The company has a market capitalization of $37.58 million, a PE ratio of 1.40 and a beta of 0.76. PhoneX has a 52-week low of $1.00 and a 52-week high of $3.25.

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.