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Focusrite (LON:TUNE) Trading Down 10.8% - Here's What Happened

Focusrite logo with Consumer Cyclical background
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Key Points

  • Focusrite shares fell 10.8% intraday to GBX 176.10 (previous close GBX 197.50) on Friday, with volume surging 326% to 590,364 shares.
  • Company snapshot: market capitalization £102.26 million, PE 19.57 and PEG 2.95; liquidity shows current ratio 3.11 and quick ratio 0.77, debt-to-equity 25.72, and the stock is trading below its 50‑day (GBX 230.71) and 200‑day (GBX 215.93) moving averages.
  • Interested in Focusrite? Here are five stocks we like better.

Focusrite plc (LON:TUNE - Get Free Report) shares traded down 10.8% during mid-day trading on Friday . The company traded as low as GBX 175.55 and last traded at GBX 176.10. 590,364 shares were traded during mid-day trading, an increase of 326% from the average session volume of 138,620 shares. The stock had previously closed at GBX 197.50.

Focusrite Trading Down 10.8%

The company has a quick ratio of 0.77, a current ratio of 3.11 and a debt-to-equity ratio of 25.72. The firm has a market capitalization of £102.26 million, a PE ratio of 19.57, a PEG ratio of 2.95 and a beta of 0.79. The stock's fifty day simple moving average is GBX 230.71 and its 200 day simple moving average is GBX 215.93.

About Focusrite

(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.

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