Focusrite (LON:TUNE) Sets New 12-Month Low - Here's Why

Focusrite plc (LON:TUNE - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 210 ($2.62) and last traded at GBX 212.50 ($2.65), with a volume of 238391 shares trading hands. The stock had previously closed at GBX 210.25 ($2.62).

Focusrite Stock Up 1.1 %

The business has a fifty day moving average price of GBX 253.27 and a two-hundred day moving average price of GBX 286.78. 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 company has a market cap of £124.50 million, a price-to-earnings ratio of 1,062.50, a P/E/G ratio of 2.95 and a beta of 1.04.

Focusrite (LON:TUNE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 27th. The company reported GBX 18.30 ($0.23) EPS 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 year.

Focusrite Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Tuesday, December 24th will be given a dividend of GBX 4.50 ($0.06) per share. This represents a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 24th. This is a positive change from Focusrite's previous dividend of $2.10. 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.

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