Focusrite plc (LON:TUNE – Get 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%
Focusrite (LON:TUNE – Get 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
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.
See Also
- Five stocks we like better than Focusrite
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for Focusrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focusrite and related companies with MarketBeat.com's FREE daily email newsletter.
