Fonix Mobile (LON:FNX) Announces Quarterly Earnings Results

Fonix Mobile (LON:FNXGet Free Report) posted its earnings results on Tuesday. The company reported GBX 12.10 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 Stock Up 12.0%

Shares of LON:FNX opened at GBX 191.44 on Tuesday. The stock has a 50-day simple moving average of GBX 168.93 and a 200-day simple moving average of GBX 161.56. The stock has a market capitalization of £186.89 million, a P/E ratio of 17.09 and a beta of 0.57. Fonix Mobile has a 1 year low of GBX 143 and a 1 year 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.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 293 price objective on shares of Fonix Mobile in a research note on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 293.

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Fonix Mobile Company Profile

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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.

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