usell.com (OTCMKTS:USEL) Trading Up 6.7% – Here’s What Happened

usell.com Inc (OTCMKTS:USEL)’s stock price rose 6.7% during mid-day trading on Monday . The company traded as high as $1.15 and last traded at $1.08. Approximately 14,127 shares changed hands during trading, an increase of 271% from the average daily volume of 3,804 shares. The stock had previously closed at $1.01.

usell.com Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.43 and a current ratio of 0.78. The business has a 50-day simple moving average of $1.06 and a 200 day simple moving average of $1.24. The firm has a market cap of $34.12 million, a P/E ratio of -1.95 and a beta of 2.15.

usell.com Company Profile

usell.com, Inc operates as a market maker of used smartphones. It 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. The company 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.