Focusrite (LON:TUNE) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Focusrite (LON:TUNE) in a report released on Thursday morning, Marketbeat reports. The firm currently has a GBX 355 ($4.60) price objective on the stock.

Focusrite Stock Down 1.4 %

TUNE stock opened at GBX 170 ($2.20) on Thursday. Focusrite has a one year low of GBX 167.33 ($2.17) and a one year high of GBX 397 ($5.15). The company has a debt-to-equity ratio of 36.98, a quick ratio of 0.77 and a current ratio of 1.57. The firm’s fifty day moving average is GBX 194.53 and its 200 day moving average is GBX 237.71. The firm has a market cap of £99.28 million, a PE ratio of 8.47, a P/E/G ratio of 2.95 and a beta of 1.04.

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.