Fonix Mobile (LON:FNX) Announces Earnings Results

Fonix Mobile (LON:FNX) announced its quarterly earnings results on Tuesday. The company reported GBX 6.20 ($0.08) earnings per share for the quarter, Digital Look Earnings reports. Fonix Mobile had a net margin of 14.03% and a return on equity of 101.42%.

Fonix Mobile Stock Performance

LON FNX traded down GBX 7 ($0.09) during trading on Thursday, reaching GBX 176 ($2.29). The company’s stock had a trading volume of 372,172 shares, compared to its average volume of 131,180. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.16 and a current ratio of 1.17. The firm has a market cap of £174.21 million, a price-to-earnings ratio of 16.31 and a beta of 0.67. Fonix Mobile has a twelve month low of GBX 175 ($2.28) and a twelve month high of GBX 270 ($3.51). The business’s fifty day moving average price is GBX 215.19 and its 200-day moving average price is GBX 223.49.

Fonix Mobile Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a GBX 2.90 ($0.04) dividend. The ex-dividend date is Thursday, March 27th. This represents a yield of 1.59%. Fonix Mobile’s dividend payout ratio is presently 64.86%.

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.