Focusrite (LON:TUNE) Stock Crosses Below 200 Day Moving Average of $544.23

Shares of Focusrite plc (LON:TUNE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 544.23 ($6.81) and traded as low as GBX 515 ($6.44). Focusrite shares last traded at GBX 530 ($6.63), with a volume of 74,909 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on Focusrite from GBX 1,100 ($13.77) to GBX 700 ($8.76) and set a “buy” rating on the stock in a research note on Monday, June 19th.

Focusrite Stock Up 1.9 %

The company has a current ratio of 1.61, a quick ratio of 0.77 and a debt-to-equity ratio of 24.19. The company has a market capitalization of £313.81 million, a P/E ratio of 1,606.06, a PEG ratio of 2.95 and a beta of 1.04. The firm’s 50 day moving average price is GBX 521.32 and its two-hundred day moving average price is GBX 542.86.

Focusrite Company Profile

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.