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

Shares of Focusrite plc (LON:TUNE - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as GBX 153 ($1.98) and last traded at GBX 154.50 ($2.00), with a volume of 119732 shares traded. The stock had previously closed at GBX 162.50 ($2.10).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 355 ($4.60) target price on shares of Focusrite in a research report on Thursday, March 20th.

Focusrite Stock Up 0.7 %

The firm's 50-day simple moving average is GBX 187.86 and its 200 day simple moving average is GBX 232.59. 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 has a market cap of £90.58 million, a P/E ratio of 7.72, a PEG ratio of 2.95 and a beta of 1.04.

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.