Focusrite (LON:TUNE) Sets New 1-Year High – Here’s What Happened

Focusrite plc (LON:TUNE) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 255 and last traded at GBX 255, with a volume of 915833 shares traded. The stock had previously closed at GBX 250.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 355 price objective on shares of Focusrite in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 355.

Focusrite Price Performance

The company’s 50-day moving average price is GBX 224.98 and its two-hundred day moving average price is GBX 192.59. The company has a debt-to-equity ratio of 36.98, a current ratio of 1.57 and a quick ratio of 0.77. The company has a market capitalization of £145.76 million, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04.

Focusrite (LON:TUNE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported GBX 17 EPS for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. As a group, sell-side analysts expect that Focusrite plc will post 17.2473868 EPS for the current year.

Focusrite Company Profile

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.