Focusrite plc (LON:TUNE - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 154.33 ($2.06) and traded as high as GBX 160 ($2.14). Focusrite shares last traded at GBX 150 ($2.00), with a volume of 348,664 shares.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 355 ($4.74) target price on shares of Focusrite in a research note on Thursday, March 20th.
View Our Latest Report on Focusrite
Focusrite Stock Performance
The company has a debt-to-equity ratio of 36.98, a quick ratio of 0.77 and a current ratio of 1.57. The firm's 50 day simple moving average is GBX 152.23 and its 200-day simple moving average is GBX 202.54. The company has a market cap of £90.52 million, a price-to-earnings ratio of 7.72, a PEG ratio of 2.95 and a beta of 1.04.
Focusrite (LON:TUNE - Get Free Report) last released its quarterly 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%. On average, sell-side analysts predict that Focusrite plc will post 17.2473868 EPS 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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