Focusrite (LON:TUNE) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Focusrite plc (LON:TUNE) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 192.52 and traded as low as GBX 190. Focusrite shares last traded at GBX 190, with a volume of 23,608 shares traded.

Focusrite Stock Down 0.1%

The company has a debt-to-equity ratio of 25.72, a quick ratio of 0.77 and a current ratio of 3.11. The company’s 50-day moving average price is GBX 192.49 and its 200 day moving average price is GBX 208.88. The stock has a market capitalization of £113.18 million, a P/E ratio of 21.65, a P/E/G ratio of 2.95 and a beta of 1.08.

About Focusrite

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.