Centrica (OTCMKTS:CPYYY) Sees Strong Trading Volume – Here’s What Happened
by Michael Walen · The Markets DailyShares of Centrica PLC (OTCMKTS:CPYYY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 141,030 shares traded hands during trading, an increase of 89% from the previous session’s volume of 74,453 shares.The stock last traded at $8.3850 and had previously closed at $8.38.
Wall Street Analysts Forecast Growth
CPYYY has been the subject of a number of research reports. HSBC raised shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Centrica has a consensus rating of “Buy”.
Check Out Our Latest Research Report on CPYYY
Centrica Price Performance
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 business has a fifty day moving average price of $9.32 and a 200-day moving average price of $10.41.
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.