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

Centrica PLC (OTCMKTS:CPYYY) shares saw unusually-high trading volume on Wednesday. 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.

Analyst Ratings Changes

A number of brokerages have recently commented on CPYYY. HSBC upgraded Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Centrica Stock Performance

The stock’s 50-day moving average price is $8.20 and its 200 day moving average price is $9.42. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67.

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.