Fonix Mobile (LON:FNX) Stock Price Down 3% – Here’s What Happened

Fonix Mobile plc (LON:FNX) shares fell 3% during trading on Wednesday . The company traded as low as GBX 193 ($2.50) and last traded at GBX 196 ($2.54). 107,668 shares changed hands during trading, a decline of 6% from the average session volume of 114,086 shares. The stock had previously closed at GBX 202 ($2.62).

Fonix Mobile Stock Down 3.0 %

The company has a market capitalization of £194.00 million, a price-to-earnings ratio of 18.16 and a beta of 0.67. The business has a fifty day simple moving average of GBX 218.36 and a two-hundred day simple moving average of GBX 225.11. 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 Cuts Dividend

The business also recently declared a dividend, which will be paid on Saturday, July 12th. Investors of record on Wednesday, January 29th will be paid a GBX 3 ($0.04) dividend. This represents a yield of 1.38%. The ex-dividend date is Wednesday, January 29th. Fonix Mobile’s dividend payout ratio is 64.86%.

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.