Focusrite (LON:TUNE) Reaches New 12-Month Low – Should You Sell?

Focusrite plc (LON:TUNE) shares reached a new 52-week low on Monday . The stock traded as low as GBX 192 ($2.36) and last traded at GBX 194 ($2.38), with a volume of 105626 shares traded. The stock had previously closed at GBX 195 ($2.40).

Focusrite Trading Down 0.5 %

The company has a fifty day moving average of GBX 249.10 and a two-hundred day moving average of GBX 280.46. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 30.62. The stock has a market capitalization of £113.66 million, a price-to-earnings ratio of 970.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04.

Focusrite (LON:TUNE) last posted its earnings results on Wednesday, November 27th. The company reported GBX 18.30 ($0.22) earnings per share for the quarter. Focusrite had a return on equity of 10.33% and a net margin of 6.99%. On average, research analysts expect that Focusrite plc will post 17.2473868 EPS for the current year.

Focusrite Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Tuesday, December 24th will be issued a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date is Tuesday, December 24th. This is a positive change from Focusrite’s previous dividend of $2.10. This represents a dividend yield of 1.74%. Focusrite’s payout ratio is 3,500.00%.

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.