usell.com (OTCMKTS:USEL) Stock Price Up 6.4% – Time to Buy?

Shares of usell.com Inc (OTCMKTS:USEL) were up 6.4% during trading on Thursday . The company traded as high as $1.17 and last traded at $1.17. Approximately 500 shares changed hands during trading, a decline of 87% from the average daily volume of 3,804 shares. The stock had previously closed at $1.10.

usell.com Stock Performance

The firm’s 50 day moving average price is $1.08 and its 200-day moving average price is $1.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.78 and a quick ratio of 0.43. The firm has a market cap of $34.71 million, a price-to-earnings ratio of -1.98 and a beta of 2.15.

About usell.com

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.