Focusrite (LON:TUNE) Reaches New 1-Year Low - Here's What Happened

Focusrite plc (LON:TUNE - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 170.10 ($2.21) and last traded at GBX 175 ($2.27), with a volume of 62555 shares traded. The stock had previously closed at GBX 177.50 ($2.30).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 355 ($4.60) price target on shares of Focusrite in a research note on Thursday.

Focusrite Price Performance

The company's 50 day moving average is GBX 194.53 and its 200 day moving average is GBX 237.71. 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 capitalization of £93.82 million, a price-to-earnings ratio of 8.00, a price-to-earnings-growth 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.