Fonix Mobile (LON:FNX) Insider Edward Spurrier Buys 30,000 Shares

Fonix Mobile plc (LON:FNX) insider Edward Spurrier acquired 30,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were bought at an average price of GBX 177 per share, for a total transaction of £53,100.

Fonix Mobile Trading Up 3.8%

Shares of Fonix Mobile stock opened at GBX 184.75 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 2.45. The business has a fifty day simple moving average of GBX 179.93 and a 200-day simple moving average of GBX 197.86. Fonix Mobile plc has a fifty-two week low of GBX 165 and a fifty-two week high of GBX 252. The firm has a market cap of £183.09 million, a price-to-earnings ratio of 16.50 and a beta of 0.67.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 293 target price on shares of Fonix Mobile in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Fonix Mobile has a consensus rating of “Buy” and a consensus target price of GBX 293.

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.