Edward Spurrier Buys 30,000 Shares of Fonix Mobile (LON:FNX) Stock

Fonix Mobile plc (LON:FNXGet Free Report) insider Edward Spurrier acquired 30,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was purchased at an average price of GBX 177 per share, for a total transaction of £53,100.

Fonix Mobile Stock Performance

Fonix Mobile stock opened at GBX 184.75 on Friday. Fonix Mobile plc has a 1-year low of GBX 165 and a 1-year high of GBX 252. 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 firm has a market cap of £183.09 million, a P/E ratio of 16.50 and a beta of 0.67. The firm has a 50-day moving average of GBX 179.93 and a 200-day moving average of GBX 197.65.

Analysts Set New Price Targets

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

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Fonix Mobile Company Profile

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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.

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