Currys (LON:CURY) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Currys plc (LON:CURY)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 93.48 ($1.25) and traded as high as GBX 100.90 ($1.35). Currys shares last traded at GBX 99.60 ($1.33), with a volume of 2,694,614 shares changing hands.

Wall Street Analysts Forecast Growth

CURY has been the topic of several analyst reports. Berenberg Bank lifted their price objective on Currys from GBX 125 ($1.67) to GBX 175 ($2.34) and gave the stock a “buy” rating in a report on Friday, April 4th. Shore Capital reissued a “not rated” rating on shares of Currys in a research note on Thursday, January 16th.

Currys Price Performance

The business has a 50-day simple moving average of GBX 93.48 and a 200 day simple moving average of GBX 89.58. The firm has a market cap of £1.09 billion, a P/E ratio of 5.50 and a beta of 1.31. 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 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 stock was purchased at an average price of GBX 90 ($1.20) per share, for a total transaction of £31,500 ($42,151.75). 10.33% of the stock is owned by 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.