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Focusrite (LON:TUNE) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Focusrite logo with Consumer Cyclical background

Key Points

  • Focusrite plc shares have fallen below their 200-day moving average of GBX 163.56, trading as low as GBX 156 during recent sessions.
  • The company's current market capitalization stands at £91.51 million, with a notably high price-to-earnings ratio of 4,591.18.
  • Focusrite operates in the music and audio products industry, focusing on both hardware and software solutions for audio professionals and amateur musicians.
  • Five stocks to consider instead of Focusrite.

Shares of Focusrite plc (LON:TUNE - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 163.56 ($2.22) and traded as low as GBX 156 ($2.12). Focusrite shares last traded at GBX 156.10 ($2.12), with a volume of 27,232 shares trading hands.

Focusrite Trading Down 2.4%

The firm has a market capitalization of £91.51 million, a price-to-earnings ratio of 4,591.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The firm's 50 day moving average is GBX 162.55 and its 200 day moving average is GBX 163.56. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98.

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.

Further Reading

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