Fonix Mobile (LON:FNX) Releases Quarterly Earnings Results

Fonix Mobile (LON:FNX) released its quarterly earnings data on Tuesday. The company reported GBX 6.20 earnings per share 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 Trading Down 2.2%

Fonix Mobile stock opened at GBX 154.50 on Thursday. Fonix Mobile has a 52 week low of GBX 148 and a 52 week high of GBX 244. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.12. The firm has a market capitalization of £153.12 million, a price-to-earnings ratio of 13.79 and a beta of 0.39. The company has a 50 day moving average price of GBX 171.36 and a 200 day moving average price of GBX 185.02.

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 report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Fonix Mobile has an average rating of “Buy” and an average target price of GBX 293.

Insider Buying and Selling at Fonix Mobile

In other Fonix Mobile news, insider Edward Spurrier bought 30,000 shares of Fonix Mobile stock in a transaction dated Thursday, January 22nd. The stock was bought at an average price of GBX 177 per share, for a total transaction of £53,100. Also, insider Carmel Warren bought 11,235 shares of Fonix Mobile stock in a transaction dated Thursday, January 22nd. The stock was acquired at an average price of GBX 178 per share, with a total value of £19,998.30. 26.73% of the stock is owned by insiders.

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.