Fonix Mobile (LON:FNX) Trading Down 3% – Should You Sell?

Fonix Mobile plc (LON:FNXGet Free Report) traded down 3% on Wednesday . The stock traded as low as GBX 193 ($2.50) and last traded at GBX 196 ($2.54). 107,668 shares changed hands during trading, a decline of 6% from the average session volume of 114,086 shares. The stock had previously closed at GBX 202 ($2.62).

Fonix Mobile Price Performance

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 fifty day simple moving average of GBX 218.36 and a 200-day simple moving average of GBX 225.11. The stock has a market cap of £194.00 million, a price-to-earnings ratio of 18.16 and a beta of 0.67.

Fonix Mobile Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Saturday, July 12th. Stockholders of record on Wednesday, January 29th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date is Wednesday, January 29th. This represents a dividend yield of 1.38%. Fonix Mobile’s payout ratio is 64.86%.

About Fonix Mobile

(Get Free Report)

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.

Further Reading

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