Currys (LON:CURY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Currys plc (LON:CURY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-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.

Currys News Summary

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

Several equities analysts have weighed in on the company. Citigroup increased their target price on Currys from GBX 150 to GBX 166 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Berenberg Bank increased their price target on shares of Currys from GBX 200 to GBX 210 and gave the company a “buy” rating in a research report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 168.67.

Currys Trading Down 0.4%

The company has a debt-to-equity ratio of 45.83, a current ratio of 0.86 and a quick ratio of 0.29. The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of 13.38 and a beta of 1.31. The business has a 50 day simple moving average of GBX 132.25 and a 200-day simple moving average of GBX 126.83.

Currys (LON:CURY) last released its quarterly earnings results 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 analysts expect that Currys plc will post 9.5199569 earnings per share for the current year.

Currys declared that its Board of Directors has authorized a share buyback plan on Thursday, September 4th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board 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.