Centrica (OTCMKTS:CPYYY) Sees Strong Trading Volume – What’s Next?

Centrica PLC (OTCMKTS:CPYYY) shares saw unusually-strong trading volume on Wednesday. Approximately 152,541 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 94,560 shares. The stock last traded at $8.05 and had previously closed at $7.94.

Wall Street Analyst Weigh In

Several research firms have commented on CPYYY. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Kepler Capital Markets upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Centrica Price Performance

The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average price of $8.22 and a 200 day moving average price of $9.48.

About Centrica

Centrica plc is a United Kingdom-based energy services company best known for its British Gas brand. It supplies gas and electricity to residential and business customers and provides related services, including boiler installation, maintenance and repair, home heating, plumbing and electrical assistance, and smart-home products through its Hive offering.

The company also serves commercial and industrial customers through Centrica Business Solutions, which provides energy management, distributed energy and low-carbon technology services.