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

Focusrite plc (LON:TUNE - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 220 ($2.69) and last traded at GBX 220 ($2.69), with a volume of 40221 shares changing hands. The stock had previously closed at GBX 230 ($2.81).

Focusrite Price Performance

The company has a debt-to-equity ratio of 30.62, a quick ratio of 0.77 and a current ratio of 1.53. The company has a market cap of £128.90 million, a price-to-earnings ratio of 1,100.00, a PEG ratio of 2.95 and a beta of 1.04. The business has a fifty day moving average price of GBX 257.56 and a 200 day moving average price of GBX 297.58.

Focusrite Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be paid a dividend of GBX 4.50 ($0.05) per share. This is an increase from Focusrite's previous dividend of $2.10. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a yield of 1.74%. Focusrite's payout ratio is presently 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.