Centrica (OTCMKTS:CPYYY) Sees Large Volume Increase – Here’s Why

Centrica PLC (OTCMKTS:CPYYY) saw unusually-strong trading volume on Thursday . Approximately 139,400 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 81,967 shares.The stock last traded at $8.3775 and had previously closed at $8.42.

Wall Street Analysts Forecast Growth

CPYYY has been the subject of a number of research reports. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. HSBC raised shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Centrica presently has an average rating of “Buy”.

Centrica Trading Down 0.8%

The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $8.68 and a 200-day moving average of $10.04.

About Centrica

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.