Centrica (OTCMKTS:CPYYY) Sees Large Volume Increase – Time to Buy?

Shares of Centrica PLC (OTCMKTS:CPYYY) saw strong trading volume on Thursday . 197,298 shares traded hands during mid-day trading, an increase of 857% from the previous session’s volume of 20,611 shares.The stock last traded at $10.87 and had previously closed at $10.8410.

Wall Street Analysts Forecast Growth

CPYYY has been the topic of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Centrica in a research report on Tuesday, February 3rd. Citigroup restated a “neutral” rating on shares of Centrica in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Centrica Stock Performance

The business’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $9.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56.

Centrica Company Profile

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.