Canaccord Genuity Group Reaffirms "Buy" Rating for Fonix Mobile (LON:FNX)

Canaccord Genuity Group reaffirmed their buy rating on shares of Fonix Mobile (LON:FNX - Free Report) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 293 ($3.96) price objective on the stock.

Fonix Mobile Price Performance

FNX traded up GBX 6.50 ($0.09) on Tuesday, reaching GBX 218 ($2.94). The stock had a trading volume of 217,744 shares, compared to its average volume of 147,071. The firm has a 50-day moving average of GBX 220.23 and a 200-day moving average of GBX 213.80. Fonix Mobile has a fifty-two week low of GBX 175 ($2.36) and a fifty-two week high of GBX 263.90 ($3.56). 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 capitalization of £215.78 million, a price-to-earnings ratio of 20.20 and a beta of 0.67.

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.