Centrica (OTCMKTS:CPYYY) Shares Gap Down – Time to Sell?

Centrica PLC (OTCMKTS:CPYYY) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.89, but opened at $9.39. Centrica shares last traded at $9.36, with a volume of 2,018 shares.

Analyst Upgrades and Downgrades

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

Centrica Stock Performance

The stock’s 50-day moving average is $10.96 and its two-hundred day moving average is $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.