Focusrite’s (TUNE) “Buy” Rating Reiterated at Berenberg Bank

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

Focusrite Price Performance

Shares of LON TUNE opened at GBX 231.50 on Tuesday. The company has a debt-to-equity ratio of 26.24, a current ratio of 3.19 and a quick ratio of 0.77. The stock has a market capitalization of £136.04 million, a price-to-earnings ratio of 25.72, a PEG ratio of 2.95 and a beta of 1.12. The firm’s 50 day simple moving average is GBX 242.09 and its 200-day simple moving average is GBX 221.47. Focusrite has a 12 month low of GBX 155 and a 12 month high of GBX 283.95.

Focusrite (LON:TUNE) last posted its earnings results on Tuesday, November 3rd. The company reported GBX 13.20 earnings per share (EPS) for the quarter. Focusrite had a negative net margin of 0.07% and a negative return on equity of 0.11%. The firm had revenue of GBX 9,034 million during the quarter. Analysts expect that Focusrite will post 17.25 EPS for the current year.

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.