Centrica (OTCMKTS:CPYYY) Sees Large Volume Increase – Here’s Why

Centrica PLC (OTCMKTS:CPYYY) saw an uptick in trading volume on Tuesday . 7,005 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 4,014 shares.The stock last traded at $9.54 and had previously closed at $9.32.

Analyst Upgrades and Downgrades

CPYYY has been the topic of several recent analyst reports. Citigroup downgraded Centrica from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Morgan Stanley upgraded shares of Centrica to an “overweight” rating in a research report on Wednesday, September 17th. Finally, Berenberg Bank upgraded shares of Centrica to a “strong-buy” rating in a research report on Friday, September 12th. 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 company. According to MarketBeat.com, Centrica has an average rating of “Moderate Buy”.

Centrica Trading Up 2.8%

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.62. The stock’s 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $8.95.

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.