Fonix Mobile’s (FNX) Buy Rating Reaffirmed at Canaccord Genuity Group

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 293 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 38.17% from the stock’s previous close.

Fonix Mobile Stock Down 3.2%

Fonix Mobile stock opened at GBX 212.06 on Tuesday. Fonix Mobile has a one year low of GBX 175 and a one year high of GBX 263.90. The stock has a fifty day moving average of GBX 217.25 and a 200 day moving average of GBX 213.15. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.16 and a current ratio of 1.17. The stock has a market cap of £210.13 million, a PE ratio of 1,927.82 and a beta of 0.67.

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.