Fonix Mobile (LON:FNX) Earns “Buy” Rating from Canaccord Genuity Group

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Thursday, MarketBeat.com reports. They presently have a GBX 293 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 55.23% from the stock’s current price.

Fonix Mobile Trading Up 6.0%

Fonix Mobile stock traded up GBX 10.75 during midday trading on Thursday, reaching GBX 188.75. 602,504 shares of the stock traded hands, compared to its average volume of 143,334. The company has a 50-day simple moving average of GBX 199.26 and a two-hundred day simple moving average of GBX 213.11. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 2.45. Fonix Mobile has a 12-month low of GBX 174 and a 12-month high of GBX 252. The firm has a market cap of £187.03 million, a PE ratio of 16.85 and a beta of 0.67.

Fonix Mobile (LON:FNX) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 11.30 EPS for the quarter. Fonix Mobile had a net margin of 14.03% and a return on equity of 101.42%. Research analysts expect that Fonix Mobile will post 10.9108622 earnings per share for the current fiscal year.

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.