Focusrite (LON:TUNE) Trading Up 14% - What's Next?

Key Points

• Focusrite plc shares rose by 14% on Tuesday, closing at GBX 187.50 ($2.55) after trading as high as GBX 190 ($2.58).
• The company has a market capitalization of £110.27 million and a debt-to-equity ratio of 36.98, indicating a relatively stable financial position.
• Focusrite operates in the music and audio products sector, aiming to enhance the creativity of musicians through its innovative hardware and software solutions.

Focusrite plc (LON:TUNE - ) shares traded up 14% on Tuesday . The company traded as high as GBX 190 ($2.58) and last traded at GBX 187.50 ($2.55). 115,821 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 152,081 shares. The stock had previously closed at GBX 164.50 ($2.24).

Focusrite Trading Up 14.3%

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 stock has a market capitalization of £110.27 million, a PE ratio of 5,532.35, a PEG ratio of 2.95 and a beta of 1.04. The stock's 50 day simple moving average is GBX 162.26 and its two-hundred day simple moving average is GBX 162.66.

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.

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