Focusrite (LON:TUNE) shares drop below the 200-day moving average of $1,206.31

Focusrite plc (LON:SETGet a rating) shares fell below its 200-day moving average during Thursday’s session. The stock has a 200-day moving average of 1,206.31 GBX ($14.64) and is trading as low as 968 GBX ($11.75). Focusrite shares last traded at GBX 975 ($11.83), with volume at 4,727 shares.

The stock has a 50-day moving average price of 1,029.29 GBX and a two-hundred-day moving average price of 1,206.31 GBX. The company has a debt ratio of 4.48, a quick ratio of 1.37 and a current ratio of 2.25. The company has a market capitalization of £571.95 million and a PE ratio of 25.46.

The company also recently disclosed a dividend, which was paid on Friday, June 10. Investors of record on Thursday, May 12 received a dividend of 1.85 GBX ($0.02). This represents a dividend yield of 0.17%. The ex-dividend date was Thursday, May 12. Focusrite’s payout ratio is 0.14%.

Separately, insider Mike Butterworth acquired 3,873 shares of the company in a trade that took place on Thursday, April 28. The shares were acquired at an average cost of 1,016 GBX ($12.33) per share, with a total value of £39,349.68 ($47,760.26).

Focusrite Company Profile (LON:SET)

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 the Focusrite, Focusrite Pro, Novation, ADAM Audio, Martin Audio and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products used in the creation of electronic music using synthesizers, grooveboxes, controllers, software and apps under the Novation and Ampify brands.

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