Focusrite (LON:TUNE) Reaches New 52-Week Low - What's Next?

Focusrite plc (LON:TUNE - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 220 ($2.86) and last traded at GBX 224 ($2.91), with a volume of 146471 shares traded. The stock had previously closed at GBX 240 ($3.12).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 410 ($5.32) price target on shares of Focusrite in a research report on Friday, August 30th.

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 company has a market cap of £131.24 million, a P/E ratio of 1,120.00, a PEG ratio of 2.95 and a beta of 1.04. The stock has a 50-day moving average of GBX 290.12 and a 200 day moving average of GBX 343.53.

About Focusrite

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.