Centrica (OTCMKTS:CPYYY) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Centrica PLC (OTCMKTS:CPYYY)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.96 and traded as low as $9.53. Centrica shares last traded at $9.54, with a volume of 59,017 shares traded.

Wall Street Analysts Forecast Growth

CPYYY has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Centrica in a report on Wednesday, February 25th. Citigroup raised Centrica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Jefferies Financial Group downgraded Centrica from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Kepler Capital Markets upgraded Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Centrica Price Performance

The firm has a fifty day moving average of $10.91 and a 200-day moving average of $10.46. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.75.

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.