Currys (LON:CURY) Trading 10.5% Higher – Should You Buy?

Currys plc (LON:CURY) shares shot up 10.5% during mid-day trading on Thursday . The company traded as high as GBX 120.70 ($1.58) and last traded at GBX 98.31 ($1.29). 14,405,310 shares were traded during trading, an increase of 188% from the average session volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.17).

Wall Street Analyst Weigh In

CURY has been the topic of a number of recent research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.64) price target on shares of Currys in a research report on Friday, March 14th. Shore Capital restated a “not rated” rating on shares of Currys in a report on Thursday, January 16th.

Currys Stock Performance

The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The stock has a fifty day simple moving average of GBX 92.06 and a two-hundred day simple moving average of GBX 87.86. The stock has a market cap of £1.07 billion, a PE ratio of 5.40 and a beta of 1.31.

Insider Activity

In other Currys news, insider Octavia Morley acquired 35,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of GBX 90 ($1.18) per share, for a total transaction of £31,500 ($41,273.58). 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.