Currys (LON:CURY) Stock Price Up 16% – Time to Buy?

Currys plc (LON:CURY) shares were up 16% 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 traded 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).

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.62) price objective on shares of Currys in a report on Friday, March 14th. Shore Capital restated a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.

Currys Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The firm has a fifty day moving average of GBX 92.06 and a two-hundred day moving average of GBX 87.86. The company has a market capitalization of £1.12 billion, a PE ratio of 5.66 and a beta of 1.31.

Insiders Place Their Bets

In other news, insider Octavia Morley acquired 35,000 shares of Currys 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). 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.