Currys (LON:CURY) Share Price Crosses Below 200-Day Moving Average of $57.54

Shares of Currys plc (LON:CURY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 57.54 ($0.73) and traded as low as GBX 48.50 ($0.61). Currys shares last traded at GBX 49.86 ($0.63), with a volume of 5,978,945 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities restated a “reduce” rating and issued a GBX 53 ($0.67) price target on shares of Currys in a research report on Friday, June 16th.

Currys Trading Up 1.8 %

The company has a quick ratio of 0.29, a current ratio of 0.80 and a debt-to-equity ratio of 75.42. The firm has a market cap of £563.42 million, a price-to-earnings ratio of -115.95 and a beta of 1.35. The business has a 50 day moving average of GBX 51.90 and a 200 day moving average of GBX 57.54.

Insiders Place Their Bets

In other news, insider Adam Walker acquired 102,635 shares of Currys stock in a transaction dated Monday, July 10th. The shares were acquired at an average cost of GBX 49 ($0.62) per share, with a total value of £50,291.15 ($63,394.87). In other Currys news, insider Alex Baldock sold 507,507 shares of Currys stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of GBX 49 ($0.62), for a total transaction of £248,678.43 ($313,473.38). Also, insider Adam Walker bought 102,635 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was purchased at an average price of GBX 49 ($0.62) per share, with a total value of £50,291.15 ($63,394.87). In the last ninety days, insiders have acquired 482,385 shares of company stock valued at $24,440,578. Insiders own 12.48% 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.