Fonix Mobile (LON:FNX) Posts Earnings Results

Fonix Mobile (LON:FNX) announced its earnings results on Tuesday. The company reported GBX 7.80 EPS for the quarter, Digital Look Earnings reports. Fonix Mobile had a return on equity of 104.64% and a net margin of 14.66%.

Fonix Mobile Price Performance

FNX stock traded up GBX 21 during mid-day trading on Tuesday, reaching GBX 192. The company’s stock had a trading volume of 1,172,404 shares, compared to its average volume of 179,550. The company has a current ratio of 1.12, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is GBX 169.71 and its two-hundred day moving average is GBX 161.79. Fonix Mobile has a fifty-two week low of GBX 143 and a fifty-two week high of GBX 244. The stock has a market cap of £187.44 million, a PE ratio of 17.14 and a beta of 0.57.

Analyst Upgrades and Downgrades

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