Focusrite (LON:TUNE) Sets New 1-Year Low – Time to Sell?

Shares of Focusrite plc (LON:TUNE) hit a new 52-week low on Monday . The stock traded as low as GBX 192 ($2.40) and last traded at GBX 194 ($2.43), with a volume of 105626 shares. The stock had previously closed at GBX 195 ($2.44).

Focusrite Stock Performance

The company has a market capitalization of £111.32 million, a PE ratio of 950.00, a PEG ratio of 2.95 and a beta of 1.04. The company has a 50 day moving average of GBX 246.64 and a two-hundred day moving average of GBX 277.77. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.53 and a quick ratio of 0.77.

Focusrite (LON:TUNE) last announced its quarterly earnings results on Wednesday, November 27th. The company reported GBX 18.30 ($0.23) earnings per share (EPS) for the quarter. Focusrite had a return on equity of 10.33% and a net margin of 6.99%. As a group, equities research analysts predict that Focusrite plc will post 17.2473868 earnings per share for the current year.

Focusrite Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be issued a GBX 4.50 ($0.06) dividend. This is an increase from Focusrite’s previous dividend of $2.10. The ex-dividend date is Tuesday, December 24th. This represents a yield of 1.74%. Focusrite’s dividend payout ratio is currently 3,500.00%.

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.