Focusrite (LON:TUNE) Announces Earnings Results

Focusrite (LON:TUNE) released its earnings results on Tuesday. The company reported GBX 6.70 ($0.09) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Focusrite had a net margin of 6.99% and a return on equity of 10.09%.

Focusrite Stock Up 1.8 %

Focusrite stock traded up GBX 2.61 ($0.04) during midday trading on Tuesday, hitting GBX 145.11 ($1.95). The stock had a trading volume of 278,649 shares, compared to its average volume of 176,110. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 36.98. The stock has a market cap of £84.74 million, a P/E ratio of 7.23, a P/E/G ratio of 2.95 and a beta of 1.04. Focusrite has a 12 month low of GBX 130 ($1.75) and a 12 month high of GBX 397 ($5.33). The business has a fifty day moving average price of GBX 164.31 and a 200 day moving average price of GBX 211.86.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 355 ($4.77) target price on shares of Focusrite in a research report on Thursday, March 20th.

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.