The stock of Focusrite PLC (LON:TUNE) is a huge mover today! The stock decreased 1.58% or GBX 2.9 on November 23, hitting GBX 180.6. About 17,195 shares traded hands or 204.50% up from the average. Focusrite PLC (LON:TUNE) has risen 13.62% since April 26, 2016 and is uptrending. It has outperformed by 8.29% the S&P500.
The move comes after 5 months positive chart setup for the GBX 105.46 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 189.63 PT which if reached, will make LON:TUNE worth GBX 5.27M more.
Another recent and important Focusrite PLC (LON:TUNE) news was published by Fool.Co.Uk which published an article titled: “3 Stocks I’m Avoiding For 2016: BT Group plc, Balfour Beatty plc And Focusrite PLC” on December 09, 2015.
Focusrite Plc is a United Kingdom-based firm engaged in the development, manufacture and marketing of professional audio and electronic music products. The company has a market cap of 105.46 million GBP. The Company’s divisions are Focusrite, which includes sales of Focusrite branded products; Novation, which includes sales of Novation branded products, and Distribution, which is engaged in the distribution of third-party brands, including KRK speakers, Ableton, Stanton, Cerwin Vega and Cakewalk. It has a 16.88 P/E ratio. It supplies hardware and software products used by professional and amateur musicians.
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