Fonix Mobile (LON:FNX) Trading Down 2.1% – Here’s Why

Fonix Mobile plc (LON:FNX) was down 2.1% during mid-day trading on Thursday . The company traded as low as GBX 187.50 and last traded at GBX 187.50. Approximately 148,105 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 146,573 shares. The stock had previously closed at GBX 191.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 293 price objective on shares of Fonix Mobile in a research report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Fonix Mobile has an average rating of “Buy” and an average price target of GBX 293.

Fonix Mobile Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of £194.30 million, a PE ratio of 17.51 and a beta of 0.67. The business has a fifty day moving average price of GBX 190.48 and a 200-day moving average price of GBX 208.61.

Fonix Mobile (LON:FNX) last announced its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 11.30 earnings per share for the quarter. Fonix Mobile had a return on equity of 101.42% and a net margin of 14.03%. Research analysts expect that Fonix Mobile plc will post 10.9108622 EPS for the current fiscal year.

Fonix Mobile Company Profile

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.