Focusrite (LON:TUNE) Sets New 52-Week Low – Time to Sell?

Focusrite plc (LON:TUNE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 170.10 ($2.21) and last traded at GBX 175 ($2.28), with a volume of 62555 shares changing hands. The stock had previously closed at GBX 177.50 ($2.31).

Focusrite Trading Down 2.0 %

The business’s fifty day moving average is GBX 197.09 and its 200-day moving average is GBX 239.51. The firm has a market cap of £100.16 million, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The company has a debt-to-equity ratio of 36.98, a quick ratio of 0.77 and a current ratio of 1.57.

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.