Currys (LON:CURY) Shares Up 16% – Here’s What Happened

Currys plc (LON:CURY)’s stock price was up 16% during mid-day trading on Thursday . The stock traded as high as GBX 120.70 ($1.57) and last traded at GBX 103.16 ($1.34). Approximately 12,339,078 shares changed hands during mid-day trading, an increase of 148% from the average daily volume of 4,976,727 shares. The stock had previously closed at GBX 88.95 ($1.16).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CURY. Shore Capital restated a “not rated” rating on shares of Currys in a research report on Thursday, January 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 125 ($1.62) target price on shares of Currys in a research report on Friday, March 14th.

Currys Stock Up 16.0 %

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 firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of 5.66 and a beta of 1.31. The business has a fifty day moving average price of GBX 92.06 and a two-hundred day moving average price of GBX 87.86.

Insider Activity

In other Currys news, insider Octavia Morley bought 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.17) per share, with a total value of £31,500 ($40,903.78). Company insiders own 10.33% of the company’s stock.

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.