Focusrite plc (LON:TUNE - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 151.51 ($2.04) and traded as high as GBX 168 ($2.26). Focusrite shares last traded at GBX 161.80 ($2.18), with a volume of 62,266 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 355 ($4.78) price objective on shares of Focusrite in a research report on Thursday, March 20th.
Read Our Latest Analysis on TUNE
Focusrite Price Performance
The company's 50-day moving average is GBX 151.51 and its 200-day moving average is GBX 197.65. The firm has a market cap of £94.90 million, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 36.98.
Focusrite (LON:TUNE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported GBX 6.70 ($0.09) earnings per share for the quarter. Focusrite had a return on equity of 10.09% and a net margin of 6.99%. Equities research analysts predict that Focusrite plc will post 17.2473868 earnings per share for the current year.
Focusrite Company Profile
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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.
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