Focusrite (LON:TUNE) Sets New 52-Week Low – Time to Sell?

Focusrite plc (LON:TUNE)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 170.10 ($2.21) and last traded at GBX 175 ($2.28), with a volume of 62555 shares. The stock had previously closed at GBX 177.50 ($2.31).

Focusrite Price Performance

The stock has a market capitalization of £100.16 million, a price-to-earnings ratio of 8.54, a P/E/G ratio of 2.95 and a beta of 1.04. 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 business’s 50 day simple moving average is GBX 197.09 and its 200-day simple moving average is GBX 239.51.

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.