Fonix Mobile (LON:FNX) Stock Price Up 0.8% – Still a Buy?

Fonix Mobile plc (LON:FNX) shares rose 0.8% during trading on Friday . The company traded as high as GBX 160 and last traded at GBX 158.80. Approximately 144,869 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 202,505 shares. The stock had previously closed at GBX 157.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 293 price target on shares of Fonix Mobile in a report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 293.

Fonix Mobile Price Performance

The company has a 50 day simple moving average of GBX 159.71 and a 200-day simple moving average of GBX 172.55. The stock has a market cap of £157.01 million, a price-to-earnings ratio of 14.18 and a beta of 0.51. The company has a quick ratio of 1.16, a current ratio of 1.12 and a debt-to-equity ratio of 0.77.

Fonix Mobile (LON:FNX) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.20 earnings per share (EPS) for the quarter. Fonix Mobile had a return on equity of 104.64% and a net margin of 14.66%. As a group, research analysts anticipate 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.