Focusrite (LON:TUNE) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Focusrite plc (LON:TUNE)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 239.68 ($2.96) and traded as low as GBX 182 ($2.25). Focusrite shares last traded at GBX 182 ($2.25), with a volume of 1,342,262 shares trading hands.

Focusrite Stock Performance

The stock has a market cap of £108.36 million, a PE ratio of 924.75, 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. The firm has a 50 day moving average price of GBX 239.68 and a 200 day moving average price of GBX 272.27.

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

Focusrite Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th were issued a GBX 4.50 ($0.06) dividend. This represents a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, December 24th. This is an increase from Focusrite’s previous dividend of $2.10. Focusrite’s dividend payout ratio (DPR) 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.