Fonix Mobile (LON:FNX) Shares Up 2.1% – Here’s Why

Fonix Mobile plc (LON:FNX) shares rose 2.1% on Monday . The company traded as high as GBX 218 ($2.78) and last traded at GBX 215.50 ($2.75). Approximately 56,739 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 194,991 shares. The stock had previously closed at GBX 211 ($2.69).

Fonix Mobile Stock Up 2.1 %

The stock’s 50 day simple moving average is GBX 228.72 and its two-hundred day simple moving average is GBX 233.70. The firm has a market cap of £213.30 million, a P/E ratio of 1,959.09 and a beta of 0.67. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.17 and a quick ratio of 1.16.

Fonix Mobile Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were given a dividend of GBX 5.70 ($0.07) per share. This represents a yield of 2.45%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Fonix Mobile’s previous dividend of $2.60. Fonix Mobile’s dividend payout ratio (DPR) is 6,363.64%.

Fonix Mobile Company Profile

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.