Focusrite plc (LON:TUNE – Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 317.65 ($4.01) and traded as low as GBX 271 ($3.42). Focusrite shares last traded at GBX 272.50 ($3.44), with a volume of 39,603 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 410 ($5.17) target price on shares of Focusrite in a research note on Friday, August 30th.
Check Out Our Latest Stock Analysis on TUNE
Focusrite Stock Down 1.8 %
Focusrite Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Tuesday, December 24th will be paid a GBX 4.50 ($0.06) dividend. This is an increase from Focusrite’s previous dividend of $2.10. This represents a yield of 1.74%. The ex-dividend date is Tuesday, December 24th. Focusrite’s dividend payout ratio is currently 3,500.00%.
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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