Focusrite (LON:TUNE) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Focusrite plc (LON:TUNE) shares recently exceeded their fifty-day moving average, signaling potential changes in market momentum.
• The company currently has a market cap of £99.28 million and maintains a price-to-earnings ratio of 8.47, indicating a potentially attractive valuation.
• Focusrite is recognized as a leading provider of audio products, catering to both audio professionals and amateur musicians, enhancing the music-making process.

Focusrite plc (LON:TUNE - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 171.80 ($2.31) and traded as high as GBX 180 ($2.42). Focusrite shares last traded at GBX 170 ($2.28), with a volume of 29,383 shares.

Focusrite Price Performance

The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98. The stock's 50-day moving average price is GBX 171.95 and its 200 day moving average price is GBX 168.64. The firm has a market capitalization of £99.28 million, a price-to-earnings ratio of 8.47, a PEG ratio of 2.95 and a beta of 1.04.

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.