Centrica (OTCMKTS:CPYYY) Sees Unusually-High Trading Volume – Still a Buy?

Centrica PLC (OTCMKTS:CPYYY) shares saw strong trading volume on Friday . 95,959 shares traded hands during trading, an increase of 258% from the previous session’s volume of 26,839 shares.The stock last traded at $10.90 and had previously closed at $11.28.

Wall Street Analysts Forecast Growth

CPYYY has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Centrica from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Kepler Capital Markets downgraded shares of Centrica from a “hold” rating to a “strong sell” rating in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Centrica currently has a consensus rating of “Moderate Buy”.

Centrica Stock Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56. The firm’s 50 day simple moving average is $10.39 and its 200-day simple moving average is $9.48.

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.