Focusrite (LON:TUNE) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Shares of Focusrite plc (LON:TUNE - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 169.62 ($2.28) and traded as high as GBX 180 ($2.42). Focusrite shares last traded at GBX 178.50 ($2.40), with a volume of 267,460 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 355 ($4.76) target price on shares of Focusrite in a research note on Thursday, March 20th.

Focusrite Price 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 has a fifty day simple moving average of GBX 170.12 and a two-hundred day simple moving average of GBX 178.21. The firm has a market cap of £96.94 million, a PE ratio of 8.27, 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%. Equities analysts predict that Focusrite plc will post 17.2473868 EPS for the current fiscal year.

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.