Fonix Mobile (LON:FNX) Announces Quarterly Earnings Results

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

Fonix Mobile Trading Down 1.9%

LON:FNX traded down GBX 3.85 during trading hours on Friday, reaching GBX 199.15. The company’s stock had a trading volume of 245,118 shares, compared to its average volume of 182,514. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.17. Fonix Mobile has a 1 year low of GBX 143 and a 1 year high of GBX 244. The firm has a 50-day simple moving average of GBX 171.46 and a 200-day simple moving average of GBX 162.34. The firm has a market capitalization of £194.42 million, a price-to-earnings ratio of 17.78 and a beta of 0.57.

Analyst Ratings Changes

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