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

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 293 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 89.03% from the stock’s previous close.

Fonix Mobile Trading Down 1.9%

Fonix Mobile stock opened at GBX 155 on Wednesday. The business has a 50-day simple moving average of GBX 171.05 and a two-hundred day simple moving average of GBX 184.82. The company has a market cap of £153.61 million, a P/E ratio of 13.84 and a beta of 0.39. Fonix Mobile has a 52-week low of GBX 148 and a 52-week high of GBX 244. The company has a quick ratio of 1.16, a current ratio of 1.12 and a debt-to-equity ratio of 0.77.

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

Insider Buying and Selling

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

Fonix Mobile Company Profile

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.