Fonix Mobile (LON:FNX) Posts Earnings Results

Fonix Mobile (LON:FNX) announced its quarterly earnings results 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 Stock Up 1.5%

Shares of FNX traded up GBX 2.90 during trading hours on Wednesday, reaching GBX 194.90. 499,874 shares of the stock traded hands, compared to its average volume of 181,291. Fonix Mobile has a 52 week low of GBX 143 and a 52 week high of GBX 244. The company has a current ratio of 1.12, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of GBX 169.71 and a 200 day simple moving average of GBX 161.79. The company has a market cap of £190.27 million, a price-to-earnings ratio of 17.40 and a beta of 0.57.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 293 price objective on shares of Fonix Mobile in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 293.

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.