Fonix Mobile (LON:FNX) Trading Down 0.9% - Time to Sell?

Key Points

• Fonix Mobile plc shares fell 0.9% on Tuesday, trading between GBX 215 ($2.90) and GBX 217 ($2.93), with mid-day volume declining by 50% compared to average trading volume.
• Analysts from Canaccord Genuity Group maintained a "buy" rating and set a price target of GBX 293 ($3.96) for Fonix Mobile shares.
• Fonix Mobile has a market capitalization of £214.79 million, with a price-to-earnings ratio of 20.11 and a debt-to-equity ratio of 2.45.

Fonix Mobile plc (LON:FNX - Get Free Report)'s share price was down 0.9% during trading on Tuesday . The stock traded as low as GBX 215 ($2.91) and last traded at GBX 217 ($2.94). Approximately 70,952 shares changed hands during trading, a decline of 50% from the average daily volume of 142,081 shares. The stock had previously closed at GBX 219 ($2.97).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 293 ($3.97) price target on shares of Fonix Mobile in a research note on Tuesday, July 22nd.

Fonix Mobile Stock Performance

The stock has a market cap of £215.78 million, a PE ratio of 20.20 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 firm has a 50 day moving average price of GBX 220.88 and a 200 day moving average price of GBX 214.36.

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.