Centrica (OTCMKTS:CPYYY) Hits New 52-Week Low – What’s Next?

Centrica PLC (OTCMKTS:CPYYY) shares reached a new 52-week low on Wednesday . The stock traded as low as $8.19 and last traded at $8.19, with a volume of 105027 shares traded. The stock had previously closed at $8.31.

Wall Street Analysts Forecast Growth

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

Centrica Stock Down 1.4%

The firm’s fifty day simple moving average is $9.45 and its 200 day simple moving average is $10.44. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67.

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.