Focusrite (LON:TUNE) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Posted by Amy Steele on Dec 14th, 2024

Focusrite plc (LON:TUNE – Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 317.65 ($4.01) and traded as low as GBX 271 ($3.42). Focusrite shares last traded at GBX 272.50 ($3.44), with a volume of 39,603 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 410 ($5.17) target price on shares of Focusrite in a research note on Friday, August 30th.

Check Out Our Latest Stock Report on Focusrite

Focusrite Price Performance

The company has a 50 day moving average of GBX 251.56 and a 200 day moving average of GBX 317.65. 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 stock has a market capitalization of £159.66 million, a price-to-earnings ratio of 1,362.50, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04.

Focusrite Increases Dividend

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

Focusrite Company Profile

(Get Free Report)

Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.