Focusrite (LON:TUNE) Sets New 1-Year Low - Time to Sell?

Focusrite plc (LON:TUNE - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 180 ($2.33) and last traded at GBX 185 ($2.39), with a volume of 207067 shares traded. The stock had previously closed at GBX 192.50 ($2.49).

Focusrite Stock Performance

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 firm's 50-day moving average is GBX 209.59 and its two-hundred day moving average is GBX 249.26. The stock has a market cap of £108.04 million, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.95 and a beta of 1.04.

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.