Fonix Mobile (LON:FNX) Earns “Buy” Rating from Canaccord Genuity Group

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 293 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 58.59% from the stock’s previous close.

Fonix Mobile Stock Performance

Shares of FNX stock opened at GBX 184.75 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 2.45. The company has a market cap of £183.09 million, a PE ratio of 16.50 and a beta of 0.67. The company’s fifty day simple moving average is GBX 179.93 and its 200-day simple moving average is GBX 197.86. Fonix Mobile has a 52 week low of GBX 165 and a 52 week high of GBX 252.

Insider Transactions at Fonix Mobile

In related news, insider Carmel Warren bought 11,235 shares of the stock in a transaction dated Thursday, January 22nd. The stock was acquired at an average price of GBX 178 per share, for a total transaction of £19,998.30. Also, insider Edward Spurrier bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were bought at an average price of GBX 177 per share, for a total transaction of £53,100. Insiders own 26.69% 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.