Focusrite (LON:TUNE) Shares Cross Above 50 Day Moving Average – Should You Sell?
by Michael Walen · The Markets DailyFocusrite plc (LON:TUNE – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 232.47 and traded as high as GBX 240. Focusrite shares last traded at GBX 238.50, with a volume of 32,860 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 355 target price on shares of Focusrite in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 355.
Read Our Latest Research Report on Focusrite
Focusrite Trading Up 1.5%
The company has a market cap of £138.50 million, a price-to-earnings ratio of 26.50, a PEG 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 business’s fifty day simple moving average is GBX 232.47 and its two-hundred day simple moving average is GBX 202.59.
Focusrite (LON:TUNE – Get Free Report) last posted its 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%. On average, equities analysts predict that Focusrite plc will post 17.2473868 EPS for the current year.
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.