Fonix Mobile (LON:FNX) Stock Price Down 1.8% – Should You Sell?

Shares of Fonix Mobile plc (LON:FNX) fell 1.8% during mid-day trading on Friday . The stock traded as low as GBX 165 and last traded at GBX 165. 29,372 shares traded hands during trading, a decline of 82% from the average session volume of 162,832 shares. The stock had previously closed at GBX 168.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 293 price target on shares of Fonix Mobile in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 293.

Fonix Mobile Stock Down 1.8%

The company has a debt-to-equity ratio of 2.45, a current ratio of 1.17 and a quick ratio of 1.16. The business’s 50 day moving average price is GBX 185.33 and its 200 day moving average price is GBX 204.74. The firm has a market cap of £163.52 million, a PE ratio of 14.73 and a beta of 0.67.

Fonix Mobile (LON:FNX) last posted its quarterly earnings data 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%. On average, equities research analysts expect 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.