Currys (LON:CURY) Trading Up 10.5% – Here’s What Happened

Currys plc (LON:CURY)’s share price was up 10.5% during trading on Thursday . The stock traded as high as GBX 120.70 ($1.57) and last traded at GBX 98.31 ($1.28). Approximately 14,405,310 shares changed hands during trading, an increase of 188% from the average daily volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Shore Capital restated a “not rated” rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 125 ($1.62) price objective on shares of Currys in a research note on Friday, March 14th.

Currys Stock Up 10.5 %

The stock has a market cap of £1.07 billion, a P/E ratio of 5.40 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 firm’s fifty day moving average is GBX 92.06 and its 200 day moving average is GBX 87.86.

Insider Transactions at Currys

In related news, insider Octavia Morley bought 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 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.