Fonix Mobile (LON:FNX) Releases Quarterly Earnings Results

Fonix Mobile (LON:FNX) posted its quarterly earnings data on Tuesday. The company reported GBX 12.10 EPS 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 Price Performance

Shares of LON FNX traded up GBX 2.90 during trading on Wednesday, hitting GBX 194.90. The company had a trading volume of 499,874 shares, compared to its average volume of 181,291. Fonix Mobile has a 52 week low of GBX 143 and a 52 week high of GBX 244. The business’s 50-day moving average is GBX 170.51 and its 200 day moving average is GBX 162.02. The company has a market cap of £190.27 million, a P/E ratio of 17.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.17.

Wall Street Analyst Weigh In

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

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.