Focusrite (LON:TUNE) Reaches New 1-Year Low - Should You Sell?

Focusrite plc (LON:TUNE - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 182 ($2.29) and last traded at GBX 182 ($2.29), with a volume of 1342262 shares changing hands. The stock had previously closed at GBX 186 ($2.34).

Focusrite Stock Performance

The stock has a market cap of £109.72 million, a price-to-earnings ratio of 9.36, a PEG ratio of 2.95 and a beta of 1.04. The company has a debt-to-equity ratio of 36.98, a quick ratio of 0.77 and a current ratio of 1.57. The company's 50 day simple moving average is GBX 233.71 and its 200 day simple moving average is GBX 268.19.

Focusrite (LON:TUNE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX 18.30 ($0.23) earnings per share (EPS) for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. On average, equities research analysts anticipate that Focusrite plc will post 17.2473868 earnings per share for the current year.

Focusrite Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Tuesday, December 24th were given a GBX 4.50 ($0.06) dividend. This is an increase from Focusrite's previous dividend of $2.10. This represents a dividend yield of 1.74%. The ex-dividend date was Tuesday, December 24th. Focusrite's dividend payout ratio (DPR) is 34.86%.

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.