Focusrite plc (LON:TUNE) Plans GBX 2.10 Dividend

Focusrite plc (LON:TUNE) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 9th will be paid a dividend of GBX 2.10 ($0.03) per share on Monday, June 10th. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be accessed at this link.

Focusrite Price Performance

Shares of Focusrite stock opened at GBX 382.86 ($4.81) on Wednesday. Focusrite has a one year low of GBX 245 ($3.08) and a one year high of GBX 610 ($7.66). The stock’s fifty day moving average is GBX 352.88 and its 200 day moving average is GBX 447.46. The stock has a market cap of £224.32 million, a P/E ratio of 1,850.00, a P/E/G ratio of 2.95 and a beta of 1.07. The company has a debt-to-equity ratio of 30.62, a quick ratio of 0.77 and a current ratio of 1.53.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 410 ($5.15) target price on shares of Focusrite in a report on Wednesday, May 1st.

Insider Buying and Selling

In other Focusrite news, insider Sally McKone purchased 6,900 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of GBX 292 ($3.67) per share, with a total value of £20,148 ($25,311.56). In other news, insider Timothy Paul Carrol acquired 3,386 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average price of GBX 295 ($3.71) per share, for a total transaction of £9,988.70 ($12,548.62). Also, insider Sally McKone acquired 6,900 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average price of GBX 292 ($3.67) per share, with a total value of £20,148 ($25,311.56). 37.01% of the stock is owned by insiders.

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.