Fonix Mobile (LON:FNX) Shares Down 2.8% – Here’s What Happened

Fonix Mobile plc (LON:FNX)’s stock price fell 2.8% on Friday . The stock traded as low as GBX 207 ($2.80) and last traded at GBX 208.50 ($2.82). 137,796 shares changed hands during trading, a decline of 16% from the average session volume of 164,837 shares. The stock had previously closed at GBX 214.50 ($2.90).

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 fifty day simple moving average of GBX 205.83 and a 200-day simple moving average of GBX 214.36. The stock has a market cap of £206.37 million, a price-to-earnings ratio of 19.32 and a beta of 0.67.

Fonix Mobile (LON:FNX) last released its earnings results on Tuesday, March 18th. The company reported GBX 6.20 ($0.08) EPS for the quarter. Fonix Mobile had a net margin of 14.03% and a return on equity of 101.42%. As a group, equities research analysts expect that Fonix Mobile plc will post 10.9108622 EPS for the current year.

Fonix Mobile Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date was Thursday, March 27th. This represents a dividend yield of 1.59%. Fonix Mobile’s dividend payout ratio (DPR) is currently 64.86%.

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.