Centrica (OTCMKTS:CPYYY) Shares Gap Down – Time to Sell?

Centrica PLC (OTCMKTS:CPYYY) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.03, but opened at $10.31. Centrica shares last traded at $10.19, with a volume of 12,740 shares traded.

Analyst Upgrades and Downgrades

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

Centrica Price Performance

The business’s 50-day simple moving average is $9.86 and its two-hundred day simple moving average is $9.28. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56.

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.