PhoneX (OTCMKTS:PXHI) Shares Up 47.3% - Here's Why

PhoneX Holdings, Inc. (OTCMKTS:PXHI - Get Free Report) shares rose 47.3% during trading on Thursday . The stock traded as high as $1.69 and last traded at $1.62. Approximately 99,563 shares traded hands during trading, an increase of 392% from the average daily volume of 20,244 shares. The stock had previously closed at $1.10.

PhoneX Stock Up 47.3 %

The company has a market cap of $57.85 million, a price-to-earnings ratio of 10.13 and a beta of 2.29. The firm has a 50-day simple moving average of $1.16 and a 200 day simple moving average of $1.13.

PhoneX (OTCMKTS:PXHI - Get Free Report) last released its quarterly earnings results on Friday, December 20th. The company reported $0.01 EPS for the quarter.

PhoneX Company Profile

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.