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Focusrite (LON:TUNE) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Focusrite logo with Consumer Cyclical background
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Key Points

  • Technical breach: Focusrite's stock dropped below its 50-day moving average (GBX 209.09), trading as low as GBX 157.88 and last at GBX 164 on volume 369,725 shares, though the report notes it was trading up 2.1%.
  • Valuation and financials: Market cap £97.21M, P/E 18.6, PEG 2.95, debt-to-equity 25.72, current ratio 3.11, and the 200-day moving average is GBX 215.90.
  • Business profile: Focusrite is a global music and audio products group that develops and markets proprietary hardware and software for professional and amateur audio production.
  • MarketBeat previews the top five stocks to own by May 1st.

Focusrite plc (LON:TUNE - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 209.09 and traded as low as GBX 157.88. Focusrite shares last traded at GBX 164, with a volume of 369,725 shares.

Focusrite Trading Up 2.1%

The company has a debt-to-equity ratio of 25.72, a current ratio of 3.11 and a quick ratio of 0.77. The firm has a market cap of £97.21 million, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99. The firm's fifty day moving average is GBX 209.09 and its 200-day moving average is GBX 215.90.

Focusrite Company Profile

(Get Free Report)

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.

See Also

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