Fonix Mobile (LON:FNX) Posts Quarterly Earnings Results

Fonix Mobile (LON:FNX) issued its earnings results 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 14.27% and a return on equity of 107.46%.

Fonix Mobile Price Performance

LON:FNX traded down GBX 3.75 during trading hours on Friday, hitting GBX 199.25. The company’s stock had a trading volume of 381,675 shares, compared to its average volume of 183,248. Fonix Mobile has a 52-week low of GBX 143 and a 52-week high of GBX 244. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.17. The business’s 50-day moving average is GBX 172.34 and its two-hundred day moving average is GBX 162.59. The company has a market capitalization of £194.52 million, a PE ratio of 17.79 and a beta of 0.57.

Wall Street Analysts Forecast Growth

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