Focusrite (LON:TUNE) Reaches New 12-Month High – Still a Buy?

Focusrite plc (LON:TUNEGet Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 260 and last traded at GBX 250, with a volume of 187021 shares. The stock had previously closed at GBX 242.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 355 price objective on shares of Focusrite in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Focusrite presently has an average rating of “Buy” and a consensus target price of GBX 355.

Read Our Latest Stock Report on Focusrite

Focusrite Trading Up 3.3%

The stock has a market capitalization of £146.91 million, a PE ratio of 27.78, a PEG ratio of 2.95 and a beta of 1.09. The company has a current ratio of 3.53, a quick ratio of 0.77 and a debt-to-equity ratio of 26.31. The business’s 50-day moving average is GBX 218.30 and its two-hundred day moving average is GBX 209.26.

Focusrite (LON:TUNEGet Free Report) last announced its quarterly earnings results on Monday, June 29th. The company reported GBX 15.04 EPS for the quarter. Focusrite had a negative net margin of 2.52% and a negative return on equity of 3.62%. On average, analysts predict that Focusrite plc will post 17.2473868 earnings per share for the current year.

Insider Buying and Selling at Focusrite

In related news, insider Ian Barkshire purchased 87,280 shares of Focusrite stock in a transaction dated Monday, June 29th. The stock was acquired at an average cost of GBX 200 per share, with a total value of £174,560. 34.45% of the stock is owned by corporate insiders.

About Focusrite

(Get Free Report)

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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