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

Focusrite plc (LON:TUNE - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 192 ($2.38) and last traded at GBX 194 ($2.41), with a volume of 105626 shares changing hands. The stock had previously closed at GBX 195 ($2.42).

Focusrite Trading Down 1.6 %

The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 30.62. The firm's 50-day moving average is GBX 241.54 and its 200 day moving average is GBX 274.40. The firm has a market capitalization of £108.98 million, a price-to-earnings ratio of 930.00, a P/E/G ratio of 2.95 and a beta of 1.04.

Focusrite (LON:TUNE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 27th. The company reported GBX 18.30 ($0.23) earnings per share for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.33%. On average, equities analysts predict that Focusrite plc will post 17.2473868 earnings per share for the current fiscal year.

Focusrite Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be issued a dividend of GBX 4.50 ($0.06) per share. This is a positive change 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 dividend payout ratio (DPR) is presently 3,500.00%.

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.