Centrica (OTCMKTS:CPYYY) Shares Gap Down – Should You Sell?

Centrica PLC (OTCMKTS:CPYYY) gapped down prior to trading on Thursday . The stock had previously closed at $8.2350, but opened at $7.79. Centrica shares last traded at $8.53, with a volume of 5,994 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPYYY shares. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, July 30th. Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Centrica Stock Performance

The stock’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $9.95. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67.

Centrica Company Profile

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.