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

Focusrite plc (LON:TUNE)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 150 ($1.95) and last traded at GBX 150 ($1.95), with a volume of 150448 shares trading hands. The stock had previously closed at GBX 157.50 ($2.05).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 355 ($4.61) price target on shares of Focusrite in a report on Thursday, March 20th.

Focusrite Stock Performance

The firm has a 50 day moving average of GBX 182.98 and a two-hundred day moving average of GBX 228.96. The company has a debt-to-equity ratio of 36.98, a current ratio of 1.57 and a quick ratio of 0.77. The stock has a market cap of £87.60 million, a PE ratio of 7.47, a PEG ratio of 2.95 and a beta of 1.04.

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.