Currys (LON:CURY) Shares Up 10.5% - Here's What Happened

Currys plc (LON:CURY - Get Free Report)'s stock price rose 10.5% during trading on Thursday . The stock traded as high as GBX 120.70 ($1.54) and last traded at GBX 98.31 ($1.26). Approximately 14,405,310 shares traded hands during mid-day trading, an increase of 188% from the average daily volume of 5,008,034 shares. The stock had previously closed at GBX 88.95 ($1.14).

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CURY. Shore Capital reaffirmed a "not rated" rating on shares of Currys in a research report on Thursday, January 16th. Berenberg Bank upped their target price on Currys from GBX 125 ($1.60) to GBX 175 ($2.24) and gave the stock a "buy" rating in a report on Friday.

Currys Stock Performance

The firm has a fifty day moving average price of GBX 92.87 and a 200 day moving average price of GBX 88.67. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86. The stock has a market cap of £1.05 billion, a PE ratio of 5.31 and a beta of 1.31.

Insider Activity

In other Currys news, insider Octavia Morley acquired 35,000 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 90 ($1.15) per share, with a total value of £31,500 ($40,250.45). Corporate insiders own 10.33% of the company's stock.

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.