Peel Hunt reaffirmed their buy rating on shares of Focusrite (LON:TUNE – Get Rating) in a report published on Tuesday, Marketbeat Ratings reports. The firm currently has a GBX 1,500 ($18.28) price objective on the stock.
Focusrite Stock Down 2.2 %
LON TUNE opened at GBX 670 ($8.17) on Tuesday. The firm has a market cap of £396.71 million, a PE ratio of 1,595.24, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05. Focusrite has a one year low of GBX 630 ($7.68) and a one year high of GBX 1,350 ($16.45). The stock’s 50 day simple moving average is GBX 757.85 and its 200 day simple moving average is GBX 750.87. The company has a debt-to-equity ratio of 18.96, a current ratio of 1.66 and a quick ratio of 0.77.
Focusrite Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, February 17th. Investors of record on Thursday, January 12th were given a dividend of GBX 4.15 ($0.05) per share. The ex-dividend date of this dividend was Thursday, January 12th. This is a positive change from Focusrite’s previous dividend of $1.85. This represents a yield of 0.52%. Focusrite’s dividend payout ratio is 1,428.57%.
Insider Buying and Selling
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, 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 synthesizers, grooveboxes, controllers, and software and apps under the Novation and Ampify brands.
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