Focusrite (LON:TUNE) Hits New 52-Week Low – Time to Sell?

Focusrite plc (LON:TUNE)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 180 ($2.29) and last traded at GBX 185 ($2.35), with a volume of 207067 shares traded. The stock had previously closed at GBX 192.50 ($2.45).

Focusrite Trading Down 3.9 %

The stock has a market cap of £108.04 million, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.95 and a beta of 1.04. The business’s 50 day moving average is GBX 214.40 and its 200 day moving average is GBX 253. The company has a debt-to-equity ratio of 36.98, a current ratio of 1.57 and a quick ratio of 0.77.

About Focusrite

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.