Fonix Mobile (LON:FNX) Issues Quarterly Earnings Results

Fonix Mobile (LON:FNX) released its quarterly earnings data on Tuesday. The company reported GBX 12.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fonix Mobile had a net margin of 14.66% and a return on equity of 104.64%.

Fonix Mobile Price Performance

Fonix Mobile stock traded up GBX 2.90 during trading on Wednesday, reaching GBX 194.90. The company had a trading volume of 499,874 shares, compared to its average volume of 181,291. The firm has a market capitalization of £190.27 million, a PE ratio of 17.40 and a beta of 0.57. The firm’s 50-day simple moving average is GBX 169.71 and its 200 day simple moving average is GBX 161.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.12. Fonix Mobile has a 1-year low of GBX 143 and a 1-year high of GBX 244.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 293 price target on shares of Fonix Mobile in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Fonix Mobile presently has a consensus rating of “Buy” and a consensus 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.