Centrica (OTCMKTS:CPYYY) Sees Strong Trading Volume – Here’s What Happened

Centrica PLC (OTCMKTS:CPYYY) shares saw unusually-high trading volume on Tuesday . Approximately 30,084 shares changed hands during trading, a decline of 17% from the previous session’s volume of 36,452 shares.The stock last traded at $11.14 and had previously closed at $11.26.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CPYYY. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Citigroup raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Jefferies Financial Group downgraded shares of Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Centrica presently has an average rating of “Buy”.

Centrica Stock Down 0.8%

The firm has a fifty day moving average of $11.30 and a 200-day moving average of $10.20. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.75.

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.