Focusrite plc (LON:TUNE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 317.65 ($4.01) and traded as low as GBX 271 ($3.42). Focusrite shares last traded at GBX 272.50 ($3.44), with a volume of 39,603 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "buy" rating and set a GBX 410 ($5.17) price target on shares of Focusrite in a report on Friday, August 30th.
Read Our Latest Report on TUNE
Focusrite Price Performance
The company has a debt-to-equity ratio of 30.62, a current ratio of 1.53 and a quick ratio of 0.77. The stock's 50 day moving average price is GBX 251.56 and its two-hundred day moving average price is GBX 317.65. The firm has a market capitalization of £159.66 million, a price-to-earnings ratio of 1,362.50, a PEG ratio of 2.95 and a beta of 1.04.
Focusrite Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be given 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 is Tuesday, December 24th. This represents a yield of 1.74%. Focusrite's payout ratio is currently 3,500.00%.
Focusrite Company Profile
(
Get Free Report)
Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.
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