Fonix Mobile (LON:FNX) Shares Down 0.7% - Should You Sell?

Fonix Mobile plc (LON:FNX - Get Free Report)'s stock price dropped 0.7% during trading on Tuesday . The company traded as low as GBX 221 ($2.79) and last traded at GBX 222 ($2.80). Approximately 65,536 shares were traded during 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 Trading Up 0.4 %

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 business has a fifty day simple moving average of GBX 219.69 and a 200 day simple moving average of GBX 227. The company has a market cap of £222.21 million, a P/E ratio of 20.80 and a beta of 0.67.

Fonix Mobile Cuts Dividend

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