Focusrite (LON:TUNE) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Focusrite plc (LON:TUNE - Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 165.38 ($2.25) and traded as low as GBX 162.10 ($2.20). Focusrite shares last traded at GBX 170 ($2.31), with a volume of 41,662 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 355 ($4.82) price target on shares of Focusrite in a report on Thursday, March 20th.

Focusrite Stock Down 2.4%

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 business has a 50 day moving average of GBX 165.92 and a 200 day moving average of GBX 181.27. The firm has a market capitalization of £99.72 million, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04.

Focusrite (LON:TUNE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported GBX 6.70 ($0.09) EPS for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. On average, equities analysts anticipate that Focusrite plc will post 17.2473868 EPS for the current year.

Focusrite Company Profile

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.