Fonix Mobile (LON:FNX) Releases Quarterly Earnings Results

Fonix Mobile (LON:FNX) released 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 Down 3.7 %

Shares of FNX traded down GBX 6.80 ($0.09) during midday trading on Thursday, hitting GBX 176.20 ($2.29). 375,123 shares of the company’s stock traded hands, compared to its average volume of 131,232. 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 stock has a market capitalization of £174.40 million, a price-to-earnings ratio of 16.33 and a beta of 0.67. Fonix Mobile has a 1 year low of GBX 175 ($2.28) and a 1 year high of GBX 270 ($3.51). The firm’s fifty day moving average is GBX 215.19 and its 200-day moving average is GBX 223.49.

Fonix Mobile Cuts Dividend

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