Foxx Development’s (FOXX) Sell (D-) Rating Reiterated at Weiss Ratings

Foxx Development (NASDAQ:FOXX)‘s stock had its “sell (d-)” rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Foxx Development Trading Down 0.9%

Shares of FOXX stock opened at $4.20 on Wednesday. The business’s 50 day moving average is $5.69 and its two-hundred day moving average is $5.46. Foxx Development has a twelve month low of $2.44 and a twelve month high of $11.24. The company has a market capitalization of $28.48 million, a P/E ratio of -3.59 and a beta of -0.16.

Institutional Trading of Foxx Development

An institutional investor recently raised its position in Foxx Development stock. JPMorgan Chase & Co. grew its holdings in Foxx Development Holdings Inc. (NASDAQ:FOXX) by 170.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,947 shares of the company’s stock after buying an additional 3,121 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of Foxx Development worth $27,000 at the end of the most recent quarter. Institutional investors and hedge funds own 60.44% of the company’s stock.

Foxx Development Company Profile

Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions.