Rivernorth Capital Management LLC Purchases New Shares in Foxx Development Holdings Inc. (NASDAQ:FOXX)

Rivernorth Capital Management LLC purchased a new position in shares of Foxx Development Holdings Inc. (NASDAQ:FOXX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 134,421 shares of the company’s stock, valued at approximately $1,526,000. Rivernorth Capital Management LLC owned about 1.85% of Foxx Development as of its most recent filing with the Securities and Exchange Commission (SEC).

Foxx Development Trading Up 1.4 %

Shares of NASDAQ:FOXX opened at $6.37 on Friday. Foxx Development Holdings Inc. has a 1 year low of $2.89 and a 1 year high of $12.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.99 and a quick ratio of 0.90.

About Foxx Development

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.