Focusrite (LON:TUNE) Shares Cross Below 50-Day Moving Average - Here's What Happened

Key Points

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Focusrite plc (LON:TUNE - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 169.32 ($2.29) and traded as low as GBX 155 ($2.10). Focusrite shares last traded at GBX 157.50 ($2.13), with a volume of 108,977 shares trading hands.

Focusrite Stock Down 1.0%

The stock has a 50-day simple moving average of GBX 165.92 and a two-hundred day simple moving average of GBX 166.21. 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 market cap of £89.06 million, a PE ratio of 7.59, a P/E/G ratio of 2.95 and a beta of 1.04.

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.