Focusrite plc (LON:TUNE – Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 221.70 and traded as low as GBX 218.15. Focusrite shares last traded at GBX 219, with a volume of 124,451 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 355 target price on shares of Focusrite in a report on Thursday, September 17th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 355.
Read Our Latest Report on Focusrite
Focusrite Trading Up 4.1%
The company has a fifty day simple moving average of GBX 244.68 and a 200-day simple moving average of GBX 221.70. 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 stock has a market cap of £133.98 million, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.95 and a beta of 1.12.
Focusrite (LON:TUNE – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported GBX 13.20 EPS for the quarter. Focusrite had a negative net margin of 2.52% and a negative return on equity of 3.62%. The company had revenue of GBX 9,034 million during the quarter. On average, research analysts forecast that Focusrite plc will post 17.25 earnings per share for the current fiscal year.
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.
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