Currys (LON:CURY) Trading 14.2% Higher - Here's What Happened

Shares of Currys plc (LON:CURY - Get Free Report) rose 14.2% during mid-day trading on Thursday . The stock traded as high as GBX 102.30 ($1.30) and last traded at GBX 101.59 ($1.29). Approximately 7,438,616 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 4,902,478 shares. The stock had previously closed at GBX 88.95 ($1.13).

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CURY. Shore Capital reaffirmed a "not rated" rating on shares of Currys in a report on Thursday, January 16th. Berenberg Bank upped their price objective on shares of 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 company has a current ratio of 0.86, a quick ratio of 0.29 and a debt-to-equity ratio of 45.83. The company has a market capitalization of £1.05 billion, a PE ratio of 5.31 and a beta of 1.31. The business has a fifty day moving average of GBX 92.60 and a 200 day moving average of GBX 88.42.

Insider Buying and Selling at Currys

In other news, insider Octavia Morley acquired 35,000 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost 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 corporate 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.