Centrica (OTCMKTS:CPYYY) Reaches New 12-Month Low – What’s Next?

Centrica PLC (OTCMKTS:CPYYY) shares hit a new 52-week low on Wednesday . The company traded as low as $8.28 and last traded at $8.28, with a volume of 74379 shares traded. The stock had previously closed at $8.29.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday. HSBC upgraded Centrica from a “hold” rating to a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Centrica Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $9.61 and its 200-day simple moving average is $10.47.

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.