Focusrite plc (LON:TUNE – Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 295.07 ($3.83) and traded as low as GBX 237.26 ($3.08). Focusrite shares last traded at GBX 242.50 ($3.15), with a volume of 92,974 shares traded.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 410 ($5.32) price target on shares of Focusrite in a research report on Friday, August 30th.
View Our Latest Research Report on Focusrite
Focusrite Price Performance
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.
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