Fonix Mobile (LON:FNX) Announces Earnings Results

Fonix Mobile (LON:FNX) announced its earnings results on Tuesday. The company reported GBX 12.10 EPS for the quarter, Digital Look Earnings reports. Fonix Mobile had a net margin of 14.27% and a return on equity of 107.46%.

Fonix Mobile Trading Up 6.2%

LON FNX opened at GBX 206 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of £201.11 million, a P/E ratio of 18.39 and a beta of 0.57. Fonix Mobile has a 52-week low of GBX 143 and a 52-week high of GBX 244. The firm has a 50-day moving average price of GBX 170.51 and a 200 day moving average price of GBX 162.02.

Wall Street Analysts Forecast Growth

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