Currys (LON:CURY) Stock Passes Below 200 Day Moving Average – Time to Sell?

Currys plc (LON:CURY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 135.27 and traded as low as GBX 121.30. Currys shares last traded at GBX 127, with a volume of 2,992,173 shares changing hands.

Key Currys News

Here are the key news stories impacting Currys this week:

• Negative Sentiment: Currys plc’s stock moving below a key long-term trend line may reinforce bearish trading sentiment and prompt more cautious positioning from investors. Currys (LON:CURY) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?
• Neutral Sentiment: No major company-specific operational update, earnings release, or guidance change was included in the latest headlines, so the move appears more tied to market/technical factors than fundamental news.

Analysts Set New Price Targets

CURY has been the topic of a number of analyst reports. Berenberg Bank reiterated a “buy” rating and issued 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, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 170.33.

Currys Price Performance

The business has a 50-day simple moving average of GBX 131.77 and a 200 day simple moving average of GBX 135.19. The stock has a market cap of £1.29 billion, a P/E ratio of 10.72 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.29 and a debt-to-equity ratio of 40.08.

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.