Currys (LON:CURY) Trading 10.5% Higher – Time to Buy?

Currys plc (LON:CURY)’s share price rose 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). Approximately 14,405,310 shares were traded during mid-day 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).

Analyst Upgrades and Downgrades

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

Currys Stock Performance

The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29. The company has a fifty day moving average of GBX 92.06 and a 200 day moving average of GBX 87.86. The stock has a market cap of £1.07 billion, a P/E ratio of 5.40 and a beta of 1.31.

Insider Activity

In other news, insider Octavia Morley purchased 35,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of GBX 90 ($1.18) per share, with a total value of £31,500 ($41,273.58). 10.33% of the stock is 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.