Currys (LON:CURY) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Currys plc (LON:CURY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 136.02 and traded as low as GBX 124. Currys shares last traded at GBX 127.35, with a volume of 11,416,835 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 215 price target on shares of Currys in a research report on Thursday, March 26th. Shore Capital Group reiterated a “no recommendation” rating on shares of Currys in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 170.33.

Currys Price Performance

The company has a debt-to-equity ratio of 40.08, a current ratio of 0.87 and a quick ratio of 0.29. The firm’s 50 day moving average is GBX 136.14 and its 200 day moving average is GBX 136.02. The firm has a market cap of £1.34 billion, a P/E ratio of 11.09 and a beta of 1.27.

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. 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.