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

Focusrite plc (LON:TUNE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 150 ($1.92) and last traded at GBX 150 ($1.92), with a volume of 150448 shares changing hands. The stock had previously closed at GBX 157.50 ($2.01).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 355 ($4.54) price objective on shares of Focusrite in a research report on Thursday, March 20th.

Focusrite Price Performance

The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98. The firm's fifty day moving average price is GBX 176.16 and its two-hundred day moving average price is GBX 223.98. The stock has a market capitalization of £83.22 million, a PE ratio of 7.10, a PEG 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.