Currys (LON:CURY) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Currys' stock has fallen below its 200-day moving average (200‑day MA GBX 136.56) to GBX 124.42, trading as low as GBX 123.70 on volume of 11,124,358 shares, indicating near‑term technical weakness versus the 50‑day MA of GBX 138.66.
• Analyst sentiment remains positive with a consensus Buy rating and a consensus price target of GBX 170.33, including a GBX 215 target from Berenberg.
• Financially the stock looks inexpensive (market cap £1.29bn, PE 10.71), but low liquidity (current ratio 0.87, quick ratio 0.29) and a debt‑to‑equity of 40.08 highlight balance‑sheet risks.

Currys plc (LON:CURY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 136.56 and traded as low as GBX 123.70. Currys shares last traded at GBX 124.42, with a volume of 11,124,358 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CURY shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 215 target price on shares of Currys in a report on Thursday, March 26th. Shore Capital Group restated a "no recommendation" rating on shares of Currys in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Currys has a consensus rating of "Buy" and a consensus price target of GBX 170.33.

Currys Stock Performance

The stock's 50-day simple moving average is GBX 138.66 and its 200 day simple moving average is GBX 136.56. The company has a market capitalization of £1.29 billion, a PE ratio of 10.71 and a beta of 1.27. The company has a debt-to-equity ratio of 40.08, a quick ratio of 0.29 and a current ratio of 0.87.

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. In each of these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them, throughout their lives.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.