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.
Get Our Latest Analysis on TUNE
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
(
Get Free Report)
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.
Featured Stories
Before you consider Focusrite, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Focusrite wasn't on the list.
While Focusrite currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.