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

Currys plc (LON:CURY)’s stock price rose 10.4% during trading on Thursday . The stock traded as high as GBX 100.40 ($1.30) and last traded at GBX 98.17 ($1.27). Approximately 5,311,956 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 4,870,256 shares. The stock had previously closed at GBX 88.95 ($1.15).

Wall Street Analysts Forecast Growth

CURY has been the topic of a number of recent research reports. Berenberg Bank increased their price objective on shares of Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the company a “buy” rating in a research note on Friday. Shore Capital reaffirmed a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.

Currys Trading Down 2.2 %

The firm has a market capitalization of £1.09 billion, a PE ratio of 5.49 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83. The company’s 50-day simple moving average is GBX 92.45 and its 200 day simple moving average is GBX 88.18.

Insider Activity at Currys

In other Currys news, insider Octavia Morley purchased 35,000 shares of Currys stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,634.67). 10.33% of the stock is currently owned by corporate insiders.

About Currys

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.