Currys (LON:CURY) Trading Up 10.4% – Here’s Why

Currys plc (LON:CURY)’s stock price traded up 10.4% on Thursday . The company traded as high as GBX 100.40 ($1.30) and last traded at GBX 98.17 ($1.27). 5,311,956 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 4,870,256 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 125 ($1.62) target price on shares of Currys in a research report on Friday, March 14th. Shore Capital reissued a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Stock Performance

The stock has a market cap of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The business’s 50-day moving average price is GBX 92.06 and its 200-day moving average price is GBX 87.86.

Insider Activity

In other news, insider Octavia Morley bought 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.17) per share, with a total value of £31,500 ($40,903.78). Company insiders own 10.33% of the company’s stock.

Currys Company Profile

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece.