Focusrite (LON:TUNE) Shares Up 1.2%

Shares of Focusrite plc (LON:TUNE) shot up 1.2% during trading on Tuesday . The company traded as high as GBX 1,699 ($22.20) and last traded at GBX 1,670 ($21.82). 29,381 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 42,653 shares. The stock had previously closed at GBX 1,650 ($21.56).

The business’s 50-day moving average price is GBX 1,545.69 and its 200 day moving average price is GBX 1,326.60. The company has a quick ratio of 1.76, a current ratio of 2.58 and a debt-to-equity ratio of 1.68. The company has a market capitalization of £979.66 million and a P/E ratio of 46.01.

Focusrite Company Profile (LON:TUNE)

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, Focusrite Pro, Novation, ADAM Audio, Martin Audio, and Distribution segments.

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