Currys (LON:CURY) Shares Cross Above Fifty Day Moving Average - Here's Why

Currys plc (LON:CURY - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 80.61 ($1.05) and traded as high as GBX 89.75 ($1.17). Currys shares last traded at GBX 89.25 ($1.17), with a volume of 1,644,497 shares trading hands.

Analyst Upgrades and Downgrades

CURY has been the subject of several analyst reports. Berenberg Bank upped their price objective on Currys from GBX 90 ($1.18) to GBX 92 ($1.20) and gave the stock a "buy" rating in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Currys to a "buy" rating and increased their price target for the company from GBX 80 ($1.05) to GBX 95 ($1.24) in a research note on Tuesday, July 9th.

Currys Trading Down 0.6 %

The company has a quick ratio of 0.29, a current ratio of 0.84 and a debt-to-equity ratio of 49.81. The stock has a market capitalization of £1.00 billion, a price-to-earnings ratio of 4,400.00 and a beta of 1.31. The company has a fifty day moving average of GBX 80.61 and a two-hundred day moving average of GBX 73.59.

Insider Activity

In other Currys news, insider Alex Baldock sold 258,833 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of GBX 81 ($1.06), for a total transaction of £209,654.73 ($274,381.27). Insiders own 10.33% of the company's stock.

Currys Company Profile

Currys plc operates as a retailer of technology products and services. It offers consumer electronics and mobile technology products and services; and mobile virtual network operator and consumer electrical repair services. The company also sells its products through online; and offers insurance services.