Centrica (OTCMKTS:CPYYY) Sees Unusually-High Trading Volume – Time to Buy?

Centrica PLC (OTCMKTS:CPYYY) saw an uptick in trading volume on Tuesday . 90,099 shares changed hands during mid-day trading, an increase of 485% from the previous session’s volume of 15,399 shares.The stock last traded at $9.53 and had previously closed at $9.77.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CPYYY shares. Morgan Stanley raised shares of Centrica to an “overweight” rating in a research report on Wednesday, September 17th. Citigroup lowered shares of Centrica from a “buy” rating to a “hold” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The stock has a fifty day simple moving average of $9.06 and a 200 day simple moving average of $8.96. The company has a quick ratio of 1.56, a current ratio of 1.62 and a debt-to-equity ratio of 0.71.

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.