Fonix Mobile (LON:FNX) Stock Price Down 0.2% – Here’s Why

Fonix Mobile plc (LON:FNX)’s stock price dropped 0.2% during trading on Friday . The company traded as low as GBX 234 ($2.95) and last traded at GBX 235.50 ($2.97). Approximately 93,555 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 199,721 shares. The stock had previously closed at GBX 236 ($2.97).

Fonix Mobile Price Performance

The stock’s fifty day moving average price is GBX 233.47 and its two-hundred day moving average price is GBX 236.49. The firm has a market capitalization of £233.10 million, a price-to-earnings ratio of 2,140.91 and a beta of 0.67. 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 Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a GBX 5.70 ($0.07) dividend. This is a boost from Fonix Mobile’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 2.45%. Fonix Mobile’s dividend payout ratio is presently 6,363.64%.

About Fonix Mobile

Fonix Mobile plc provides mobile payments and messaging, and managed services for media, charity, gaming, ticketing, mobility, and other digital service businesses in the United Kingdom. It offers carrier and SMS billing, and voice services. The company also provides payment APIs for mobile operated payments, checkout services, campaign manager platform, messaging APIs for SMS delivery, and data verification services.