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

Focusrite plc (LON:TUNEGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 215 ($2.61) and last traded at GBX 223 ($2.71), with a volume of 31495 shares traded. The stock had previously closed at GBX 221 ($2.69).

Focusrite Stock Up 0.9 %

The firm has a 50-day moving average price of GBX 255.71 and a two-hundred day moving average price of GBX 292.77. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 30.62. The company has a market capitalization of £130.66 million, a P/E ratio of 1,115.00, a PEG ratio of 2.95 and a beta of 1.04.

Focusrite Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be paid a dividend of GBX 4.50 ($0.05) per share. This represents a yield of 1.74%. This is a boost from Focusrite’s previous dividend of $2.10. The ex-dividend date of this dividend is Tuesday, December 24th. Focusrite’s dividend payout ratio is currently 3,500.00%.

About Focusrite

(Get Free Report)

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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