Currys (LON:CURY) Trading 10.4% Higher – Here’s What Happened

Currys plc (LON:CURY)’s share price rose 10.4% on Thursday . The company traded as high as GBX 100.40 ($1.30) and last traded at GBX 98.17 ($1.27). Approximately 5,311,956 shares were traded during trading, an increase of 9% from the average daily volume of 4,870,256 shares. The stock had previously closed at GBX 88.95 ($1.15).

Analyst Upgrades and Downgrades

Several brokerages have commented on CURY. Shore Capital reissued a “not rated” rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank lifted their price objective on Currys from GBX 125 ($1.61) to GBX 175 ($2.26) and gave the company a “buy” rating in a research note on Friday.

Currys Trading Down 2.2 %

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 firm has a market capitalization of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31. The firm’s 50-day simple moving average is GBX 92.45 and its 200-day simple moving average is GBX 88.18.

Insider Buying and Selling

In other Currys news, insider Octavia Morley purchased 35,000 shares of Currys stock in a transaction on Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). 10.33% of the stock is owned by company 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.