Fonix Mobile (LON:FNX) Insider Purchases £53,100 in Stock

Fonix Mobile plc (LON:FNX) insider Edward Spurrier acquired 30,000 shares of Fonix Mobile stock in a transaction that occurred on Thursday, January 22nd. The stock was acquired at an average cost of GBX 177 per share, with a total value of £53,100.

Fonix Mobile Trading Up 3.8%

Fonix Mobile stock opened at GBX 184.75 on Monday. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.17 and a quick ratio of 1.16. The company has a market capitalization of £183.09 million, a price-to-earnings ratio of 16.50 and a beta of 0.67. The company’s fifty day moving average price is GBX 179.93 and its two-hundred day moving average price is GBX 197.43. Fonix Mobile plc has a one year low of GBX 165 and a one year high of GBX 252.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 293 price target on shares of Fonix Mobile in a research report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 293.

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.