Focusrite (LON:TUNE – Get Free Report) posted its earnings results on Monday. The company reported GBX 15.04 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of £245.51 million for the quarter. Focusrite had a negative net margin of 2.52% and a negative return on equity of 3.62%.
Focusrite Price Performance
TUNE stock opened at GBX 231.89 on Wednesday. The firm has a market cap of £134.66 million, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 26.31, a quick ratio of 0.77 and a current ratio of 3.53. Focusrite has a 1 year low of GBX 150 and a 1 year high of GBX 255. The stock has a 50-day simple moving average of GBX 193.06 and a 200-day simple moving average of GBX 208.78.
Insider Transactions at Focusrite
In other news, insider Ian Barkshire acquired 87,280 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were bought at an average price of GBX 200 per share, for a total transaction of £174,560. 34.66% of the stock is owned by company insiders.
About Focusrite
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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