Currys (LON:CURY) Trading 13.8% Higher – Still a Buy?

Currys plc (LON:CURY) was up 13.8% during mid-day trading on Thursday . The company traded as high as GBX 102.30 ($1.33) and last traded at GBX 101.24 ($1.31). Approximately 7,610,661 shares changed hands during trading, an increase of 55% from the average daily volume of 4,905,084 shares. The stock had previously closed at GBX 88.95 ($1.16).

Analyst Ratings Changes

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

Currys Trading Up 13.9 %

The company has a market cap of £1.10 billion, a P/E ratio of 5.56 and a beta of 1.31. The business’s 50-day moving average price is GBX 92.06 and its 200 day moving average price is GBX 87.86. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86.

Insider Buying and Selling

In related news, insider Octavia Morley acquired 35,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost of GBX 90 ($1.17) per share, with a total value of £31,500 ($40,903.78). 10.33% of the stock is currently owned by corporate 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.