Focusrite (LON:TUNE) Reaches New 52-Week High After Insider Buying Activity

Shares of Focusrite plc (LON:TUNE) reached a new 52-week high during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 1,265 ($16.53) and last traded at GBX 1,260 ($16.46), with a volume of 2979 shares. The stock had previously closed at GBX 1,240 ($16.20).

Specifically, insider Paul Dean purchased 1,000 shares of the business’s stock in a transaction on Friday, April 30th. The stock was acquired at an average price of GBX 1,225 ($16.00) per share, for a total transaction of £12,250 ($16,004.70).

The firm has a market cap of £739.14 million and a price-to-earnings ratio of 34.64. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.76 and a current ratio of 2.58. The business has a 50 day simple moving average of GBX 1,122.16 and a 200-day simple moving average of GBX 1,039.78.

Focusrite Company Profile (LON:TUNE)

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, Focusrite Pro, Novation, ADAM Audio, Martin Audio, and Distribution segments.

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