Currys (LON:CURY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Currys plc (LON:CURY) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 132.25 and traded as low as GBX 126.10. Currys shares last traded at GBX 127.59, with a volume of 2,163,988 shares.

More Currys News

Here are the key news stories impacting Currys this week:

• Neutral Sentiment: The supplied articles all cover Golden State Warriors/Stephen Curry (injury updates, game recaps, shoes, and related features) and are unrelated to Currys plc’s retail business. Example: Raptors’ Darko Rajakovic game-planning vs. Stephen Curry. Raptors’ Darko Rajakovic
• Neutral Sentiment: No company announcements, trading updates, guidance changes or analyst notes for Currys were included in the list you gave. Investors should look for retail sales data, trading statements or note changes to FY guidance for direct catalysts.
• Neutral Sentiment: Recent published fundamentals you provided (for context): Currys reported quarterly EPS on Dec 18 and has analyst EPS forecasts for the year; valuation metrics include a P/E ~13.4 and market cap ~£1.34bn. See the stock profile for details. CURY profile
• Negative Sentiment: Weak liquidity and balance-sheet signals could weigh on sentiment: recent volume was below average and the company shows a low quick ratio (0.29) and relatively high debt-to-equity (45.83) in the background data — items investors watch for retail risk.
• Neutral Sentiment: Probable near-term drivers to watch (not in your supplied links): holiday trading / Boxing Day performance, UK consumer confidence / inflation, competitor promotions (AO, Currys’ online peers), and any post-Christmas trading update or analyst revisions — any of these would move the share price more than unrelated sports coverage.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup boosted their price target on Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a report on Wednesday, October 29th. Berenberg Bank boosted their target price on Currys from GBX 200 to GBX 210 and gave the company a “buy” rating in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 168.67.

Currys Price Performance

The stock has a market cap of £1.34 billion, a price-to-earnings ratio of 13.38 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. The company has a 50-day simple moving average of GBX 132.25 and a two-hundred day simple moving average of GBX 126.83.

Currys (LON:CURY) last released its quarterly earnings data on Thursday, December 18th. The company reported GBX 1.60 EPS for the quarter. Currys had a return on equity of 9.53% and a net margin of 2.38%. As a group, equities research analysts forecast that Currys plc will post 9.5199569 EPS for the current year.

Currys announced that its Board of Directors has approved a share repurchase plan on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.