Focusrite (LON:TUNE) Sets New 52-Week Low – What’s Next?

Focusrite plc (LON:TUNE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 153 ($1.98) and last traded at GBX 154.50 ($2.00), with a volume of 119732 shares traded. The stock had previously closed at GBX 162.50 ($2.10).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 355 ($4.58) price target on shares of Focusrite in a research note on Thursday.

Focusrite Stock Down 4.9 %

The stock has a market cap of £90.23 million, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The firm has a 50 day simple moving average of GBX 193.25 and a 200-day simple moving average of GBX 236.70. The company has a quick ratio of 0.77, a current ratio of 1.57 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.