Fonix Mobile’s (FNX) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Fonix Mobile (LON:FNX) in a research note published on Wednesday, Marketbeat Ratings reports. They currently have a GBX 293 price objective on the stock.

Fonix Mobile Price Performance

Shares of LON FNX opened at GBX 155.95 on Wednesday. The company has a 50 day simple moving average of GBX 170.73 and a two-hundred day simple moving average of GBX 184.43. Fonix Mobile has a fifty-two week low of GBX 148 and a fifty-two week high of GBX 244. The company has a market capitalization of £154.55 million, a price-to-earnings ratio of 13.92 and a beta of 0.39. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.12.

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

Insiders Place Their Bets

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

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.