Focusrite (LON:TUNE) Reaches New 52-Week Low – Here’s Why

Focusrite plc (LON:TUNE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 180 ($2.33) and last traded at GBX 182.30 ($2.36), with a volume of 18024 shares trading hands. The stock had previously closed at GBX 185 ($2.40).

Focusrite Stock Performance

The stock has a market capitalization of £102.80 million, a PE ratio of 8.77, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98. The stock has a fifty day moving average of GBX 204.84 and a 200-day moving average of GBX 245.43.

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.