Focusrite plc (LON:TUNE - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 162.77 ($2.22) and traded as high as GBX 170 ($2.32). Focusrite shares last traded at GBX 165 ($2.25), with a volume of 234,745 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 355 ($4.85) price target on shares of Focusrite in a research note on Thursday, March 20th.
Read Our Latest Research Report on TUNE
Focusrite Trading Up 2.2%
The company has a market cap of £98.52 million, a P/E ratio of 8.40, a price-to-earnings-growth 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 moving average price is GBX 162.77 and its 200-day moving average price is GBX 188.30.
Focusrite (LON:TUNE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported GBX 6.70 ($0.09) earnings per share for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. As a group, equities research analysts expect that Focusrite plc will post 17.2473868 earnings per share for the current fiscal year.
About Focusrite
(
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.
Further Reading
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