Focusrite plc (LON:TUNE - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 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.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 355 ($4.82) target price on shares of Focusrite in a report on Thursday, March 20th.
Check Out Our Latest Report on Focusrite
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 market capitalization of £100.74 million, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The business has a fifty day moving average of GBX 166.63 and a 200-day moving average of GBX 181.20.
Focusrite (LON:TUNE - Get Free Report) last issued 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%. On average, sell-side analysts forecast that Focusrite plc will post 17.2473868 EPS for the current fiscal 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.
Further Reading
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