Currys (LON:CURY) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Currys plc (LON:CURY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 145.36 and traded as high as GBX 146.90. Currys shares last traded at GBX 143.10, with a volume of 10,557,630 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CURY. Shore Capital Group restated a “no recommendation” rating on shares of Currys in a research note on Wednesday, January 21st. Berenberg Bank reissued a “buy” rating and set a GBX 215 price target on shares of Currys in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Currys has an average rating of “Buy” and a consensus target price of GBX 170.33.

Currys Price Performance

The company has a quick ratio of 0.29, a current ratio of 0.87 and a debt-to-equity ratio of 40.08. The firm’s fifty day moving average price is GBX 145.36 and its 200 day moving average price is GBX 137.47. The stock has a market cap of £1.50 billion, a PE ratio of 12.34 and a beta of 1.17.

Currys (LON:CURY) last posted its earnings results on Thursday, December 18th. The company reported GBX 1.60 earnings per share for the quarter. Currys had a net margin of 1.46% and a return on equity of 5.88%. As a group, equities analysts expect that Currys plc will post 9.5199569 EPS for the current fiscal year.

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. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.