Focusrite (LON:TUNE) Announces Earnings Results

Focusrite (LON:TUNE) announced its quarterly earnings results on Tuesday. The company reported GBX 17 earnings per share for the quarter, Digital Look Earnings reports. Focusrite had a net margin of 6.99% and a return on equity of 10.09%.

Focusrite Stock Down 3.8%

Shares of LON:TUNE opened at GBX 227.90 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 36.98. The company has a fifty day simple moving average of GBX 187.92 and a 200 day simple moving average of GBX 172.01. The firm has a market cap of £133.60 million, a PE ratio of 67.03, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. Focusrite has a 12-month low of GBX 130 and a 12-month high of GBX 295.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 355 price target on shares of Focusrite in a research report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 355.

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.