Fonix Mobile (LON:FNX) Posts Quarterly Earnings Results

Fonix Mobile (LON:FNX) announced its earnings results on Tuesday. The company reported GBX 12.10 earnings per share (EPS) 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 11.9%

FNX stock traded up GBX 20.35 during trading on Tuesday, hitting GBX 191.35. The company had a trading volume of 824,493 shares, compared to its average volume of 177,649. The company has a quick ratio of 1.16, a current ratio of 1.12 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of GBX 168.93 and a 200-day moving average price of GBX 161.56. Fonix Mobile has a 12 month low of GBX 143 and a 12 month high of GBX 244. The stock has a market cap of £186.80 million, a price-to-earnings ratio of 17.08 and a beta of 0.57.

Wall Street Analyst Weigh In

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