Focusrite (LON:TUNE) Sets New 1-Year Low – Should You Sell?

Shares of Focusrite plc (LON:TUNE) hit a new 52-week low during trading on Monday . The company traded as low as GBX 180 ($2.33) and last traded at GBX 182.30 ($2.36), with a volume of 18024 shares changing hands. The stock had previously closed at GBX 185 ($2.39).

Focusrite Stock Down 1.5 %

The company has a debt-to-equity ratio of 36.98, a quick ratio of 0.77 and a current ratio of 1.57. The stock’s 50-day moving average price is GBX 208.04 and its two-hundred day moving average price is GBX 248.01. The stock has a market capitalization of £106.46 million, a PE ratio of 9.08, a P/E/G ratio of 2.95 and a beta of 1.04.

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.