Focusrite (LON:TUNE) Releases Earnings Results

Focusrite (LON:TUNE) posted its quarterly earnings data on Tuesday. The company reported GBX 17 earnings per share for the quarter, Digital Look Earnings reports. Focusrite had a net margin of 6.99% and a return on equity of 10.09%.

Focusrite Price Performance

TUNE opened at GBX 227.90 on Tuesday. The company’s 50 day simple moving average is GBX 187.92 and its 200 day simple moving average is GBX 172.01. The company has a debt-to-equity ratio of 36.98, a quick ratio of 0.77 and a current ratio of 1.57. Focusrite has a 1 year low of GBX 130 and a 1 year high of GBX 295. The stock has a market capitalization of £133.60 million, a PE ratio of 67.03, a P/E/G ratio of 2.95 and a beta of 1.04.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 355 price objective on shares of Focusrite in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 355.

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.