Fonix Mobile (LON:FNX) Releases Earnings Results

Key Points

• Fonix Mobile reported earnings per share of GBX 11.30 for the quarter, with a notable return on equity of 101.42% and a net margin of 14.03%.
• The company's stock price opened at GBX 213.40, showing a twelve-month trading range between GBX 175 and GBX 263.90, and carries a market capitalization of £211.46 million.
• Analysts have set a target price of GBX 293, maintaining a "buy" rating for the stock based on a consensus rating of "Buy" from multiple analysts.

Fonix Mobile (LON:FNX - Get Free Report) announced its earnings results on Tuesday. The company reported GBX 11.30 earnings per share for the quarter, Digital Look Earnings reports. Fonix Mobile had a return on equity of 101.42% and a net margin of 14.03%.

Fonix Mobile Trading Down 2.6%

LON FNX opened at GBX 213.40 on Tuesday. Fonix Mobile has a twelve month low of GBX 175 and a twelve month high of GBX 263.90. The firm has a market capitalization of £211.46 million, a PE ratio of 1,940.00 and a beta of 0.67. The stock's 50 day moving average is GBX 217.25 and its 200 day moving average is GBX 213.15. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 2.45.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 293 target price on shares of Fonix Mobile in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Fonix Mobile has a consensus rating of "Buy" and an average target price of GBX 293.

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.

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