Centrica (OTCMKTS:CPYYY) Shares Gap Down – Time to Sell?

Centrica PLC (OTCMKTS:CPYYY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.28, but opened at $9.00. Centrica shares last traded at $9.16, with a volume of 5,328 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CPYYY shares. Citigroup lowered Centrica from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Berenberg Bank upgraded Centrica to a “strong-buy” rating in a research note on Friday, September 12th. Finally, Morgan Stanley raised shares of Centrica to an “overweight” rating in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Centrica Trading Down 1.2%

The stock’s 50-day simple moving average is $9.07 and its 200-day simple moving average is $8.95. The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

About Centrica

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.