Focusrite (LON:TUNE) Sets New 52-Week Low – Here’s What Happened

Focusrite plc (LON:TUNE) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 153 ($1.98) and last traded at GBX 154.50 ($2.00), with a volume of 119732 shares traded. The stock had previously closed at GBX 162.50 ($2.10).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 355 ($4.60) price target on shares of Focusrite in a report on Thursday, March 20th.

Focusrite Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98. The firm has a market cap of £89.94 million, a price-to-earnings ratio of 7.67, a PEG ratio of 2.95 and a beta of 1.04. The company has a 50-day moving average price of GBX 190.42 and a 200 day moving average price of GBX 234.62.

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.