Fonix Mobile (LON:FNX) Announces Quarterly Earnings Results

Fonix Mobile (LON:FNX) announced its quarterly earnings results on Tuesday. The company reported GBX 6.20 ($0.08) earnings per share (EPS) 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 6 ($0.08) on Thursday, hitting GBX 177 ($2.30). The company’s stock had a trading volume of 284,550 shares, compared to its average volume of 129,615. Fonix Mobile has a one year low of GBX 175 ($2.28) and a one year high of GBX 270 ($3.51). The firm has a market capitalization of £175.20 million, a P/E ratio of 16.40 and a beta of 0.67. The stock has a fifty day moving average of GBX 215.19 and a two-hundred day moving average of GBX 223.49. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 2.45.

Fonix Mobile Cuts Dividend

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

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.