Currys (LON:CURY) Trading 10.5% Higher - Still a Buy?

Shares of Currys plc (LON:CURY - Get Free Report) shot up 10.5% during mid-day trading on Thursday . The company traded as high as GBX 120.70 ($1.54) and last traded at GBX 98.31 ($1.25). 14,405,310 shares were traded 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 ($1.13).

Analyst Ratings Changes

CURY has been the subject of a number of analyst reports. Shore Capital reiterated a "not rated" rating on shares of Currys in a research report on Thursday, January 16th. Berenberg Bank upped their price objective on Currys from GBX 125 ($1.59) to GBX 175 ($2.23) and gave the company a "buy" rating in a research note on Friday.

Currys Stock Up 1.8 %

The stock has a market capitalization of £1.05 billion, a P/E ratio of 5.31 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's fifty day moving average is GBX 92.60 and its 200-day moving average is GBX 88.42.

Insider Transactions at Currys

In other news, insider Octavia Morley purchased 35,000 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of GBX 90 ($1.15) per share, with a total value of £31,500 ($40,096.74). 10.33% of the stock is owned by company insiders.

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.