Focusrite (LON:TUNE) Reaches New 1-Year High – Should You Buy?

Focusrite plc (LON:TUNE) reached a new 52-week high on Tuesday . The company traded as high as GBX 255 and last traded at GBX 255, with a volume of 915833 shares changing hands. The stock had previously closed at GBX 250.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 355 target price on shares of Focusrite in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 355.

Focusrite Price Performance

The business’s 50 day moving average is GBX 222.44 and its two-hundred day moving average is GBX 191.20. The firm has a market cap of £148.08 million, a P/E ratio of 28.33, a P/E/G ratio of 2.95 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98.

Focusrite (LON:TUNE) last issued its quarterly earnings results on Tuesday, November 4th. The company reported GBX 17 EPS for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. As a group, analysts anticipate that Focusrite plc will post 17.2473868 earnings per share 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.