Focusrite (LON:TUNE) Announces Earnings Results

Focusrite (LON:TUNE) posted its earnings results on Monday. The company reported GBX 15.04 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of £245.51 million during the quarter. Focusrite had a return on equity of 4.61% and a net margin of 3.18%.

Focusrite Stock Up 7.5%

TUNE opened at GBX 215.10 on Tuesday. The stock has a market capitalization of £124.91 million, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 25.72, a quick ratio of 0.77 and a current ratio of 3.11. Focusrite has a one year low of GBX 150 and a one year high of GBX 255. The business’s 50-day simple moving average is GBX 192.63 and its 200-day simple moving average is GBX 208.71.

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.