Currys (LON:CURY) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Currys plc (LON:CURY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 93.48 ($1.24) and traded as high as GBX 100.90 ($1.34). Currys shares last traded at GBX 99.60 ($1.32), with a volume of 2,694,614 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Berenberg Bank increased their price target on Currys from GBX 125 ($1.66) to GBX 175 ($2.33) and gave the company a "buy" rating in a report on Friday, April 4th. Shore Capital reaffirmed a "not rated" rating on shares of Currys in a report on Thursday, January 16th.

Currys Stock Up 2.2 %

The firm has a market cap of £1.15 billion, a PE ratio of 5.80 and a beta of 1.31. 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 50 day moving average price of GBX 93.78 and a 200-day moving average price of GBX 89.97.

Insider Buying and Selling

In other news, insider Octavia Morley bought 35,000 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.20) per share, for a total transaction of £31,500 ($41,893.87). 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.