Focusrite plc (LON:TUNE - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 154.44 ($2.09) and traded as high as GBX 206 ($2.79). Focusrite shares last traded at GBX 199.70 ($2.71), with a volume of 134,799 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a "buy" rating and set a GBX 355 ($4.81) price objective on shares of Focusrite in a report on Thursday, March 20th.
Check Out Our Latest Stock Report on TUNE
Focusrite Stock Performance
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 has a 50 day moving average price of GBX 154.44 and a 200 day moving average price of GBX 194.85. The stock has a market cap of £117.38 million, a PE ratio of 10.01, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04.
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 (EPS) for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. As a group, research analysts forecast that Focusrite plc will post 17.2473868 earnings per share for the current year.
About Focusrite
(
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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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