Focusrite (LON:TUNE) Sets New 52-Week Low – Here’s Why

Focusrite plc (LON:TUNE)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 220 ($2.69) and last traded at GBX 220 ($2.69), with a volume of 40221 shares. The stock had previously closed at GBX 230 ($2.81).

Focusrite Trading Down 4.3 %

The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 30.62. The firm’s 50-day simple moving average is GBX 257.56 and its 200 day simple moving average is GBX 297.58. The stock has a market capitalization of £128.90 million, a P/E ratio of 1,100.00, a PEG ratio of 2.95 and a beta of 1.04.

Focusrite Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Tuesday, December 24th will be paid a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date is Tuesday, December 24th. This is a positive change from Focusrite’s previous dividend of $2.10. This represents a yield of 1.74%. Focusrite’s dividend payout ratio is currently 3,500.00%.

Focusrite Company Profile

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.