Fonix Mobile (LON:FNX) Stock Price Down 0.7% – Should You Sell?

Fonix Mobile plc (LON:FNX)’s share price was down 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 221 ($2.79) and last traded at GBX 222 ($2.80). Approximately 65,536 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 108,874 shares. The stock had previously closed at GBX 223.50 ($2.82).

Fonix Mobile Stock Performance

The stock has a market capitalization of £220.87 million, a PE ratio of 20.68 and a beta of 0.67. The business’s 50 day moving average is GBX 219.25 and its 200 day moving average is GBX 227.31. 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 Cuts Dividend

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