Insider Buying: Focusrite (LON:TUNE) Insider Purchases 87,280 Shares

Focusrite plc (LON:TUNE) insider Ian Barkshire purchased 87,280 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of GBX 200 per share, for a total transaction of £174,560.

Focusrite Trading Up 12.5%

TUNE opened at GBX 225 on Tuesday. Focusrite plc has a twelve month low of GBX 150 and a twelve month high of GBX 255. The company has a quick ratio of 0.77, a current ratio of 3.11 and a debt-to-equity ratio of 25.72. The company has a fifty day moving average of GBX 192.63 and a 200-day moving average of GBX 208.71. The stock has a market cap of £130.66 million, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08.

Focusrite (LON:TUNE) last released its earnings results on Monday, June 29th. The company reported GBX 15.04 earnings per share (EPS) for the quarter. The business had revenue of £245.51 million for the quarter. Focusrite had a net margin of 3.18% and a return on equity of 4.61%. On average, sell-side analysts predict that Focusrite plc will post 17.2473868 EPS for the current year.

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.