Centrica (OTCMKTS:CPYYY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Centrica PLC (OTCMKTS:CPYYY)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.96 and traded as low as $9.53. Centrica shares last traded at $9.54, with a volume of 59,017 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Kepler Capital Markets upgraded Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Citigroup raised Centrica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Finally, Jefferies Financial Group lowered Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Centrica Stock Down 3.5%

The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $10.96 and a 200 day moving average price of $10.46.

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.