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

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 293 target price on shares of Fonix Mobile in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Fonix Mobile currently has a consensus rating of “Buy” and an average price target of GBX 293.

Fonix Mobile Stock Performance

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

Fonix Mobile (LON:FNX) last issued 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%. Equities 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.