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

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

Analyst Ratings Changes

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

Currys Trading Up 10.5 %

The company has a market cap of £1.07 billion, a PE ratio of 5.40 and a beta of 1.31. The stock has a 50 day moving average price of GBX 92.06 and a 200 day moving average price of GBX 87.86. The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83.

Insider Buying and Selling

In other news, insider Octavia Morley bought 35,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was acquired 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 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.