Fonix Mobile (LON:FNX) Shares Down 3.1% – Time to Sell?

Fonix Mobile plc (LON:FNX)’s stock price fell 3.1% during trading on Tuesday . The company traded as low as GBX 183 ($2.44) and last traded at GBX 183.70 ($2.45). 179,713 shares were traded during trading, an increase of 32% from the average session volume of 135,748 shares. The stock had previously closed at GBX 189.50 ($2.52).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 293 target price on shares of Fonix Mobile in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 293.

Fonix Mobile Trading Down 3.1%

The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 2.45. The stock has a market cap of £182.03 million, a P/E ratio of 1,640.18 and a beta of 0.67. The firm’s 50-day simple moving average is GBX 211.73 and its 200 day simple moving average is GBX 214.08.

Fonix Mobile (LON:FNX) last posted its 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%. As a group, equities research analysts anticipate that Fonix Mobile plc will post 10.9108622 earnings per share for the current year.

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.