Focusrite plc (LON:TUNE – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 270 and last traded at GBX 265, with a volume of 77984 shares. The stock had previously closed at GBX 266.
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 Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 355.
Check Out Our Latest Research Report on Focusrite
Focusrite Stock Performance
Focusrite (LON:TUNE – Get Free Report) last announced its quarterly earnings results on Monday, June 29th. The company reported GBX 15.04 earnings per share for the quarter. Focusrite had a negative return on equity of 3.62% and a negative net margin of 2.52%. As a group, analysts anticipate that Focusrite plc will post 17.2473868 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Ian Barkshire bought 87,280 shares of the business’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of GBX 200 per share, for a total transaction of £174,560. 34.45% of the stock is owned by corporate insiders.
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.
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