Focusrite (LON:TUNE) Stock Price Passes Below 50-Day Moving Average of $921.26

Focusrite plc (LON:TUNEGet Rating)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 921.26 ($11.13) and traded as low as GBX 702 ($8.48). Focusrite shares last traded at GBX 710 ($8.58), with a volume of 60,783 shares.

Focusrite Trading Up 0.9 %

The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 4.48. The firm’s 50-day simple moving average is GBX 921.26 and its 200 day simple moving average is GBX 1,014.19. The stock has a market capitalization of ¬£416.50 million and a P/E ratio of 1,868.42.

Focusrite Company Profile

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Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Focusrite Pro, Novation, ADAM Audio, Martin Audio, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesisers, grooveboxes, controllers, and software and apps under the Novation and Ampify brands.

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