Focusrite (LON:TUNE) Reaches New 1-Year Low – Here’s Why

Focusrite plc (LON:TUNE)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 215 ($2.65) and last traded at GBX 223 ($2.75), with a volume of 31495 shares traded. The stock had previously closed at GBX 221 ($2.72).

Focusrite Trading Up 1.2 %

The company has a fifty day moving average of GBX 254.84 and a two-hundred day moving average of GBX 290.41. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 30.62. The stock has a market capitalization of £128.14 million, a price-to-earnings ratio of 1,093.50, a P/E/G ratio of 2.95 and a beta of 1.04.

Focusrite (LON:TUNE) last released its earnings results on Wednesday, November 27th. The company reported GBX 18.30 ($0.23) earnings per share (EPS) for the quarter. Focusrite had a return on equity of 10.33% and a net margin of 6.99%. On average, research analysts expect that Focusrite plc will post 17.2473868 EPS for the current year.

Focusrite Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be given a dividend of GBX 4.50 ($0.06) per share. This is a positive change from Focusrite’s previous dividend of $2.10. This represents a yield of 1.74%. The ex-dividend date is Tuesday, December 24th. Focusrite’s dividend payout ratio is presently 3,500.00%.

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.