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

Currys plc (LON:CURY) shares shot up 10.5% during trading on Thursday . The company traded as high as GBX 120.70 ($1.56) and last traded at GBX 98.31 ($1.27). 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 ($1.15).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. 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 report on Friday. Shore Capital reiterated a “not rated” rating on shares of Currys in a research report on Thursday, January 16th.

Currys Stock Performance

The business has a 50 day moving average price of GBX 92.45 and a two-hundred day moving average price of GBX 88.18. The stock has a market cap of £1.09 billion, a P/E ratio of 5.49 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 0.86 and a debt-to-equity ratio of 45.83.

Insider Activity

In other news, insider Octavia Morley bought 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average cost of GBX 90 ($1.16) per share, for a total transaction of £31,500 ($40,634.67). 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.