Focusrite plc (LON:TUNE - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 151.23 ($2.05) and traded as high as GBX 170 ($2.30). Focusrite shares last traded at GBX 168 ($2.27), with a volume of 199,426 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 355 ($4.80) target price on shares of Focusrite in a research note on Thursday, March 20th.
View Our Latest Stock Analysis on Focusrite
Focusrite Stock Performance
The company has a debt-to-equity ratio of 36.98, a current ratio of 1.57 and a quick ratio of 0.77. The stock has a market cap of £99.86 million, a price-to-earnings ratio of 8.52, a P/E/G ratio of 2.95 and a beta of 1.04. The stock's 50-day moving average is GBX 151.16 and its 200 day moving average is GBX 200.26.
Focusrite (LON:TUNE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported GBX 6.70 ($0.09) EPS for the quarter. Focusrite had a return on equity of 10.09% and a net margin of 6.99%. As a group, analysts predict that Focusrite plc will post 17.2473868 earnings per share for the current fiscal 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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