Fonix Mobile (LON:FNX) Stock Price Down 0.2% – Time to Sell?

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

Fonix Mobile Price Performance

The company has a 50-day moving average of GBX 233.47 and a 200 day moving average of GBX 236.43. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.16 and a current ratio of 1.17. The firm has a market cap of £233.10 million, a P/E ratio of 2,140.91 and a beta of 0.67.

Fonix Mobile Increases Dividend

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