Centrica (OTCMKTS:CPYYY) Sees Strong Trading Volume – Still a Buy?

Centrica PLC (OTCMKTS:CPYYY) shares saw strong trading volume on Tuesday . 119,894 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 78,574 shares.The stock last traded at $8.46 and had previously closed at $8.62.

Analyst Ratings Changes

A number of research firms have recently commented on CPYYY. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Centrica has an average rating of “Buy”.

Centrica Price Performance

The stock has a fifty day moving average price of $8.86 and a 200-day moving average price of $10.19. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67.

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.