Focusrite (LON:TUNE) Sets New 12-Month Low – What’s Next?

Focusrite plc (LON:TUNE)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 245 ($3.20) and last traded at GBX 247 ($3.23), with a volume of 64014 shares trading hands. The stock had previously closed at GBX 245.30 ($3.20).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 410 ($5.35) price target on shares of Focusrite in a report on Friday, August 30th.

Focusrite Stock Up 0.6 %

The stock has a 50 day moving average price of GBX 302.47 and a 200 day moving average price of GBX 346.71. The stock has a market capitalization of £140.62 million, a price-to-earnings ratio of 1,192.50, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 30.62.

Focusrite Company Profile

Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.