Focusrite (LON:TUNE) Shares Cross Below 50 Day Moving Average of $1,512.35

Focusrite plc (LON:TUNE) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,512.35 ($20.53) and traded as low as GBX 1,375 ($18.66). Focusrite shares last traded at GBX 1,392.50 ($18.90), with a volume of 38,831 shares changing hands.

The firm has a market capitalization of £816.87 million and a P/E ratio of 28.89. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.23. The firm has a fifty day simple moving average of GBX 1,512.35 and a two-hundred day simple moving average of GBX 1,489.30.

The business also recently disclosed a dividend, which will be paid on Monday, January 31st. Stockholders of record on Thursday, December 30th will be paid a dividend of GBX 3.70 ($0.05) per share. This is an increase from Focusrite’s previous dividend of $1.50. This represents a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, December 30th. Focusrite’s payout ratio is presently 0.09%.

Focusrite Company Profile (LON:TUNE)

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, Focusrite Pro, Novation, ADAM Audio, Martin Audio, and Distribution segments.

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