Focusrite (LON:TUNE) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Focusrite plc's share price fell below its 200-day moving average, trading at £155 ($2.08), down from a moving average of £164.64 ($2.21).
• The company maintains a market capitalization of £90.93 million and has a notably high PE ratio of 4,562.12.
• Focusrite specializes in developing and marketing hardware and software products for audio professionals and amateur musicians.

Shares of Focusrite plc (LON:TUNE - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 164.64 ($2.22) and traded as low as GBX 155 ($2.09). Focusrite shares last traded at GBX 155 ($2.09), with a volume of 49,868 shares trading hands.

Focusrite Price Performance

The company has a market cap of £95.33 million, a P/E ratio of 4,782.82, a PEG ratio of 2.95 and a beta of 1.04. The business's fifty day moving average is GBX 163.03 and its 200 day moving average is GBX 164.03. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 36.98.

About Focusrite

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.