Fonix Mobile (LON:FNX) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 293 target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 44.33% from the company’s previous close.

Fonix Mobile Stock Performance

LON:FNX opened at GBX 203 on Tuesday. The company has a market cap of £198.18 million, a P/E ratio of 18.12 and a beta of 0.57. Fonix Mobile has a twelve month low of GBX 143 and a twelve month high of GBX 244. The company’s 50-day moving average price is GBX 171.46 and its 200-day moving average price is GBX 162.34. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17.

Fonix Mobile (LON:FNX) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 12.10 earnings per share (EPS) for the quarter. Fonix Mobile had a return on equity of 107.46% and a net margin of 14.27%. On average, sell-side analysts forecast that Fonix Mobile will post 10.9108622 earnings per share 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.