Fonix Mobile (LON:FNX) Shares Down 1.1% – Time to Sell?

Fonix Mobile plc (LON:FNX)’s stock price traded down 1.1% on Wednesday . The company traded as low as GBX 178 and last traded at GBX 181.40. 199,765 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 141,826 shares. The stock had previously closed at GBX 183.50.

Analyst Upgrades and Downgrades

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

Fonix Mobile Stock Performance

The stock has a market cap of £179.75 million, a price-to-earnings ratio of 16.20 and a beta of 0.67. The company’s 50-day simple moving average is GBX 202.69 and its 200-day simple moving average is GBX 213.80. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 2.45.

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