Focusrite (LON:TUNE) Earns Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Focusrite (LON:TUNE) in a report published on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 355 ($4.58) target price on the stock.

Focusrite Trading Down 5.5 %

Shares of TUNE opened at GBX 160.66 ($2.07) on Thursday. The business’s 50-day moving average price is GBX 193.25 and its 200 day moving average price is GBX 237.17. The stock has a market capitalization of £93.82 million, a P/E ratio of 8.00, a P/E/G ratio of 2.95 and a beta of 1.04. Focusrite has a 1-year low of GBX 160 ($2.07) and a 1-year high of GBX 397 ($5.13). The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 36.98.

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.