Currys (LON:CURY) Shares Up 14.2% – Here’s What Happened

Currys plc (LON:CURY) shares shot up 14.2% on Thursday . The company traded as high as GBX 102.30 ($1.33) and last traded at GBX 101.59 ($1.32). 7,438,616 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 4,902,478 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analyst Ratings Changes

Several brokerages have issued reports on CURY. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.62) price target on shares of Currys in a report on Friday, March 14th. Shore Capital reiterated a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Stock Performance

The stock’s 50-day moving average price is GBX 92.06 and its 200-day moving average price is GBX 87.86. The company has a market cap of £1.10 billion, a P/E ratio of 5.56 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29.

Insider Activity

In other news, insider Octavia Morley acquired 35,000 shares of Currys stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.17) per share, for a total transaction of £31,500 ($40,903.78). 10.33% of the stock is owned by company 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.