Fonix Mobile (LON:FNX) Announces Quarterly Earnings Results

Fonix Mobile (LON:FNX) posted its earnings results on Tuesday. The company reported GBX 6.20 earnings per share for the quarter, Digital Look Earnings reports. Fonix Mobile had a return on equity of 102.37% and a net margin of 15.31%.

Fonix Mobile Price Performance

Shares of Fonix Mobile stock opened at GBX 157.60 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 1.39. The firm has a fifty day simple moving average of GBX 171.77 and a 200-day simple moving average of GBX 185.60. The stock has a market capitalization of £156.19 million, a price-to-earnings ratio of 14.07 and a beta of 0.39. Fonix Mobile has a 1-year low of GBX 148 and a 1-year high of GBX 244.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 293 price objective on shares of Fonix Mobile in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 293.

Insiders Place Their Bets

In other news, insider Carmel Warren bought 11,235 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was purchased at an average price of GBX 178 per share, with a total value of £19,998.30. Also, insider Edward Spurrier purchased 30,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were purchased at an average price of GBX 177 per share, with a total value of £53,100. Company insiders own 26.73% of the company’s stock.

About Fonix Mobile

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.