Fonix Mobile (LON:FNX) Stock Price Down 3% - Here's What Happened

Fonix Mobile plc (LON:FNX - Get Free Report) fell 3% during mid-day trading on Wednesday . The company traded as low as GBX 193 ($2.50) and last traded at GBX 196 ($2.54). 107,668 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 114,086 shares. The stock had previously closed at GBX 202 ($2.61).

Fonix Mobile Stock Down 3.3 %

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 firm has a market capitalization of £191.03 million, a price-to-earnings ratio of 17.88 and a beta of 0.67. The stock has a fifty day moving average of GBX 217.14 and a 200-day moving average of GBX 224.62.

Fonix Mobile Cuts Dividend

The business also recently announced 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 of this dividend is Wednesday, January 29th. Fonix Mobile's 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.