Foxx Development (NASDAQ:FOXX) Issues Quarterly Earnings Results

Foxx Development (NASDAQ:FOXX) announced its quarterly earnings results on Monday. The company reported ($1.30) EPS for the quarter, Zacks reports. The business had revenue of $6.98 million during the quarter.

Foxx Development Stock Performance

NASDAQ FOXX opened at $2.53 on Wednesday. The company has a market capitalization of $17.79 million, a PE ratio of -0.34 and a beta of -0.35. Foxx Development has a fifty-two week low of $1.71 and a fifty-two week high of $7.90. The business’s fifty day moving average is $2.62 and its 200 day moving average is $3.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Foxx Development from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.