Focusrite (LON:TUNE) Stock Price Up 12.3% - Still a Buy?

Focusrite plc (LON:TUNE - Get Free Report)'s stock price shot up 12.3% during trading on Tuesday . The company traded as high as GBX 185 ($2.51) and last traded at GBX 182.50 ($2.47). 636,468 shares traded hands during trading, an increase of 229% from the average session volume of 193,250 shares. The stock had previously closed at GBX 162.50 ($2.20).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 355 ($4.81) price target on shares of Focusrite in a research report on Thursday, March 20th.

Focusrite Stock 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 has a market capitalization of £105.12 million, a P/E ratio of 8.96, a P/E/G ratio of 2.95 and a beta of 1.04. The business has a fifty day moving average price of GBX 152.73 and a 200-day moving average price of GBX 196.85.

Focusrite (LON:TUNE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported GBX 6.70 ($0.09) earnings per share (EPS) for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. On average, sell-side analysts expect that Focusrite plc will post 17.2473868 EPS for the current year.

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.