Centrica (OTCMKTS:CPYYY) Sees Large Volume Increase – Should You Buy?

Centrica PLC (OTCMKTS:CPYYY) saw unusually-strong trading volume on Thursday . Approximately 197,298 shares changed hands during trading, an increase of 857% from the previous session’s volume of 20,611 shares.The stock last traded at $10.87 and had previously closed at $10.8410.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPYYY shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Centrica in a research report on Tuesday, February 3rd. Citigroup reissued a “neutral” rating on shares of Centrica in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Centrica Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.62. The firm has a 50 day moving average price of $9.67 and a two-hundred day moving average price of $9.21.

Centrica Company Profile

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.