Centrica (OTCMKTS:CPYYY) Sees Large Volume Increase – Still a Buy?

Centrica PLC (OTCMKTS:CPYYY) saw unusually-high trading volume on Monday . 78,883 shares traded hands during trading, an increase of 12% from the previous session’s volume of 70,644 shares.The stock last traded at $9.19 and had previously closed at $9.28.

Analyst Upgrades and Downgrades

CPYYY has been the subject of several research analyst reports. Citigroup raised Centrica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Centrica Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a 50 day simple moving average of $10.31 and a two-hundred day simple moving average of $10.49.

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.