Fonix Mobile (LON:FNX) Stock Price Down 0.3% – What’s Next?

Fonix Mobile plc (LON:FNX)’s stock price was down 0.3% during mid-day trading on Friday . The company traded as low as GBX 168 and last traded at GBX 168.50. Approximately 69,776 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 174,979 shares. The stock had previously closed at GBX 169.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 293 price target on shares of Fonix Mobile in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 293.

Fonix Mobile Trading Down 0.3%

The business’s 50-day moving average price is GBX 176.87 and its 200-day moving average price is GBX 193.79. The firm has a market capitalization of £166.99 million, a PE ratio of 15.04 and a beta of 0.67. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.17 and a quick ratio of 1.16.

Insiders Place Their Bets

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

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.