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 report released on Thursday, MarketBeat.com reports. They currently have a GBX 293 price objective on the stock.

Fonix Mobile Stock Performance

LON:FNX opened at GBX 184.75 on Thursday. The firm has a market capitalization of £183.09 million, a PE ratio of 16.50 and a beta of 0.67. Fonix Mobile has a 1 year low of GBX 165 and a 1 year high of GBX 252. 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 firm’s fifty day simple moving average is GBX 179.93 and its 200 day simple moving average is GBX 197.65.

Insider Activity

In other Fonix Mobile news, insider Edward Spurrier bought 30,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were purchased at an average price of GBX 177 per share, with a total value of £53,100. Also, insider Carmel Warren purchased 11,235 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was acquired at an average cost of GBX 178 per share, for a total transaction of £19,998.30. Company insiders own 26.69% 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.