Centrica (OTCMKTS:CPYYY) Shares Pass Below 50-Day Moving Average – Should You Sell?

Centrica PLC (OTCMKTS:CPYYY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.12 and traded as low as $8.85. Centrica shares last traded at $8.8950, with a volume of 11,606 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPYYY. Morgan Stanley upgraded Centrica to an “overweight” rating in a research note on Wednesday, September 17th. Berenberg Bank upgraded shares of Centrica to a “strong-buy” rating in a report on Friday, September 12th. Finally, Citigroup lowered shares of Centrica from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Centrica Stock Down 1.3%

The firm has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $8.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.62.

Centrica Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, September 22nd were issued a $0.0884 dividend. The ex-dividend date was Friday, September 19th. This represents a yield of 332.0%.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.