Focusrite (LON:TUNE) Share Price Passes Above 50 Day Moving Average of $372.34

Focusrite plc (LON:TUNE) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 372.34 ($4.60) and traded as high as GBX 375 ($4.63). Focusrite shares last traded at GBX 367.50 ($4.54), with a volume of 78,642 shares changing hands.

Focusrite Price Performance

The company’s fifty day moving average price is GBX 372.34 and its two-hundred day moving average price is GBX 454.58. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 29.80. The company has a market cap of £194.87 million, a price-to-earnings ratio of 1,225.00, a PEG ratio of 2.95 and a beta of 1.10.

Focusrite Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a GBX 2.10 ($0.03) dividend. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 9th. Focusrite’s payout ratio is presently 2,333.33%.

Insider Buying and Selling at Focusrite

In other news, insider Timothy Paul Carrol acquired 3,386 shares of Focusrite stock in a transaction dated Thursday, March 21st. The stock was bought at an average cost of GBX 295 ($3.64) per share, with a total value of £9,988.70 ($12,337.82). In other Focusrite news, insider Sally McKone purchased 6,900 shares of the stock in a transaction on Tuesday, March 19th. The shares were purchased at an average cost of GBX 292 ($3.61) per share, for a total transaction of £20,148 ($24,886.36). Also, insider Timothy Paul Carrol purchased 3,386 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of GBX 295 ($3.64) per share, for a total transaction of £9,988.70 ($12,337.82). Company insiders own 37.01% of the company’s stock.

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, Sonnox, 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, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.