Fonix Mobile (LON:FNX) Issues Quarterly Earnings Results

Fonix Mobile (LON:FNX) posted its quarterly earnings data on Tuesday. The company reported GBX 6.20 EPS for the quarter, Digital Look Earnings reports. Fonix Mobile had a net margin of 15.31% and a return on equity of 102.37%.

Fonix Mobile Price Performance

FNX opened at GBX 158.98 on Tuesday. Fonix Mobile has a fifty-two week low of GBX 148 and a fifty-two week high of GBX 244. The firm has a 50-day moving average of GBX 171.77 and a 200 day moving average of GBX 185.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.18. The firm has a market cap of £157.56 million, a P/E ratio of 14.19 and a beta of 0.39.

Insider Activity

In related news, insider Carmel Warren purchased 11,235 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was bought at an average price of GBX 178 per share, for a total transaction of £19,998.30. Also, insider Edward Spurrier purchased 30,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was bought at an average cost of GBX 177 per share, for a total transaction of £53,100. Insiders own 26.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 293 target price on shares of Fonix Mobile in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.