Focusrite plc (LON:TUNE - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 160.14 ($2.15) and traded as high as GBX 184.70 ($2.48). Focusrite shares last traded at GBX 184.70 ($2.48), with a volume of 40,786 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 355 ($4.77) price objective on shares of Focusrite in a research report on Thursday, March 20th.
Check Out Our Latest Research Report on TUNE
Focusrite Trading Down 7.0%
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 company has a market capitalization of £100.45 million, a P/E ratio of 8.57, a PEG ratio of 2.95 and a beta of 1.04. The business's 50-day moving average price is GBX 162.11 and its two-hundred day moving average price is GBX 190.09.
Focusrite (LON:TUNE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported GBX 6.70 ($0.09) earnings per share for the quarter. Focusrite had a return on equity of 10.09% and a net margin of 6.99%. As a group, analysts forecast that Focusrite plc will post 17.2473868 EPS 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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