Currys (LON:CURY) Stock Passes Below 200-Day Moving Average – Here’s Why

Currys plc (LON:CURY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 87.78 ($1.13) and traded as low as GBX 86.75 ($1.12). Currys shares last traded at GBX 87.35 ($1.13), with a volume of 1,144,360 shares changing hands.

Analyst Upgrades and Downgrades

CURY has been the subject of several research analyst reports. Shore Capital reissued a “not rated” rating on shares of Currys in a research report on Thursday, January 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 125 ($1.62) target price on shares of Currys in a report on Friday, March 14th.

Currys Trading Up 0.4 %

The business has a 50 day moving average of GBX 92.10 and a two-hundred day moving average of GBX 87.78. The firm has a market capitalization of £949.30 million, a price-to-earnings ratio of 4.79 and a beta of 1.31. The company has a debt-to-equity ratio of 45.83, a quick ratio of 0.29 and a current ratio of 0.86.

Insider Activity

In other Currys news, insider Octavia Morley acquired 35,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of GBX 90 ($1.16) per share, with a total value of £31,500 ($40,723.98). Corporate 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.