Focusrite plc (LON:TUNE) to Issue GBX 2.10 Dividend

Focusrite plc (LON:TUNE) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 2.10 ($0.03) per share on Monday, June 10th. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, May 9th. The official announcement can be viewed at this link.

Focusrite Trading Up 3.8 %

Focusrite stock opened at GBX 379 ($4.76) on Tuesday. Focusrite has a 1 year low of GBX 245 ($3.08) and a 1 year high of GBX 610 ($7.66). The company has a debt-to-equity ratio of 30.62, a current ratio of 1.53 and a quick ratio of 0.77. The firm’s 50 day moving average price is GBX 354.08 and its 200-day moving average price is GBX 448.03. The stock has a market cap of £222.06 million, a P/E ratio of 1,825.00, a PEG ratio of 2.95 and a beta of 1.07.

Insider Buying and Selling at Focusrite

In related news, insider Timothy Paul Carrol purchased 3,386 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of GBX 295 ($3.71) per share, for a total transaction of £9,988.70 ($12,548.62). In other Focusrite news, insider Sally McKone bought 6,900 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were acquired at an average price of GBX 292 ($3.67) per share, with a total value of £20,148 ($25,311.56). Also, insider Timothy Paul Carrol purchased 3,386 shares of the stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of GBX 295 ($3.71) per share, with a total value of £9,988.70 ($12,548.62). 37.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 410 ($5.15) price target on shares of Focusrite in a report on Wednesday, May 1st.

About Focusrite

Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.