Shares of Focusrite plc (LON:TUNE - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as GBX 220 ($2.85) and last traded at GBX 221.90 ($2.88), with a volume of 72302 shares traded. The stock had previously closed at GBX 220 ($2.85).
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "buy" rating and set a GBX 410 ($5.32) target price on shares of Focusrite in a report on Friday, August 30th.
View Our Latest Stock Report on TUNE
Focusrite Trading Up 1.1 %
The stock has a market cap of £130.36 million, a PE ratio of 1,112.50, a PEG ratio of 2.95 and a beta of 1.04. The stock's fifty day moving average price is GBX 276.07 and its 200 day moving average price is GBX 339.71. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 30.62.
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.
Further Reading
Before you consider Focusrite, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Focusrite wasn't on the list.
While Focusrite currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
