Fonix Mobile (LON:FNX) Stock Price Down 0.3% – Here’s Why

Fonix Mobile plc (LON:FNX) shares traded down 0.3% during trading on Friday . The stock traded as low as GBX 168 and last traded at GBX 168.50. 69,776 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 174,979 shares. The stock had previously closed at GBX 169.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 293 price objective on shares of Fonix Mobile in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 293.

Fonix Mobile Trading Down 0.3%

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 market capitalization of £166.99 million, a price-to-earnings ratio of 15.04 and a beta of 0.67. The business has a 50 day simple moving average of GBX 176.87 and a 200-day simple moving average of GBX 193.79.

Insider Activity at Fonix Mobile

In related news, insider Carmel Warren purchased 11,235 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were bought at an average price of GBX 178 per share, with a total value of £19,998.30. Also, insider Edward Spurrier purchased 30,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was bought at an average price of GBX 177 per share, for a total transaction of £53,100. 26.73% of the stock is currently owned by company insiders.

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.