Centrica (OTCMKTS:CPYYY) Reaches New 1-Year Low – What’s Next?

Centrica PLC (OTCMKTS:CPYYY) hit a new 52-week low on Wednesday . The stock traded as low as $8.1850 and last traded at $8.24, with a volume of 41322 shares trading hands. The stock had previously closed at $8.44.

Analyst Ratings Changes

A number of research firms have weighed in on CPYYY. HSBC raised Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Kepler Capital Markets upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Centrica Price Performance

The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average price of $8.84 and a 200-day moving average price of $10.17.

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.