Focusrite (LON:TUNE) Releases Earnings Results

Focusrite (LON:TUNE - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 6.70 ($0.09) EPS for the quarter, Digital Look Earnings reports. Focusrite had a return on equity of 10.09% and a net margin of 6.99%.

Focusrite Trading Up 6.1 %

Focusrite stock traded up GBX 8 ($0.11) during trading hours on Friday, reaching GBX 140 ($1.86). 842,530 shares of the company's stock were exchanged, compared to its average volume of 186,873. The firm has a market capitalization of £81.76 million, a PE ratio of 6.97, a PEG ratio of 2.95 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98. The firm's 50 day simple moving average is GBX 160.20 and its 200 day simple moving average is GBX 209.12. Focusrite has a twelve month low of GBX 130 ($1.73) and a twelve month high of GBX 397 ($5.27).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 355 ($4.71) price target on shares of Focusrite in a research report on Thursday, March 20th.

Focusrite Company Profile

Focusrite plc is a global music and audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and amateur musicians alike, our solutions facilitate the high-quality production of recorded and live sound. We are a rapidly growing group of innovative, market-leading brands, operating across two divisions. Our Content Creation division is focussed on supporting our customers throughout their music-making journey, by removing barriers to creativity and delivering everything they need to make music.