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

Currys plc (LON:CURY) rose 10.5% during mid-day trading on Thursday . The stock traded as high as GBX 120.70 ($1.58) and last traded at GBX 98.31 ($1.29). Approximately 14,405,310 shares were traded 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 ($1.17).

Wall Street Analyst Weigh In

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

Currys Price Performance

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 has a market capitalization of £1.07 billion, a price-to-earnings ratio of 5.40 and a beta of 1.31. The company has a 50 day simple moving average of GBX 92.22 and a 200 day simple moving average of GBX 88.01.

Insiders Place Their Bets

In other news, insider Octavia Morley bought 35,000 shares of Currys stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.18) per share, with a total value of £31,500 ($41,273.58). 10.33% of the stock is currently owned by insiders.

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.