Fonix Mobile (LON:FNX) Announces Earnings Results

Fonix Mobile (LON:FNX) issued 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 net margin of 14.66% and a return on equity of 104.64%.

Fonix Mobile Trading Up 12.0%

LON FNX traded up GBX 20.44 on Tuesday, reaching GBX 191.44. The company had a trading volume of 793,832 shares, compared to its average volume of 177,481. The firm has a market cap of £186.89 million, a price-to-earnings ratio of 17.09 and a beta of 0.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.12 and a quick ratio of 1.16. Fonix Mobile has a fifty-two week low of GBX 143 and a fifty-two week high of GBX 244. The business has a 50 day moving average of GBX 168.93 and a two-hundred day moving average of GBX 161.56.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 293 target price 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.com, the stock presently has an average 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.