Fonix Mobile (LON:FNX) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Fonix Mobile (LON:FNX) in a report issued on Wednesday, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 293 price target on the stock.

Fonix Mobile Stock Down 0.3%

FNX stock opened at GBX 157.50 on Wednesday. The stock’s fifty day simple moving average is GBX 171.36 and its two-hundred day simple moving average is GBX 185.02. The company has a current ratio of 1.12, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. Fonix Mobile has a 1-year low of GBX 148 and a 1-year high of GBX 244. The stock has a market cap of £156.09 million, a P/E ratio of 14.06 and a beta of 0.39.

Fonix Mobile (LON:FNX) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.20 earnings per share (EPS) for the quarter. Fonix Mobile had a return on equity of 104.64% and a net margin of 14.66%. Analysts expect that Fonix Mobile will post 10.9108622 EPS for the current year.

Insider Activity at Fonix Mobile

In other news, insider Carmel Warren acquired 11,235 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were acquired at an average price of GBX 178 per share, for a total transaction of £19,998.30. Also, insider Edward Spurrier acquired 30,000 shares of Fonix Mobile stock in a transaction on Thursday, January 22nd. The shares were purchased at an average cost of GBX 177 per share, with a total value of £53,100. Company insiders own 26.73% of the company’s stock.

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.