Centrica (OTCMKTS:CPYYY) Shares Gap Down – Here’s Why

Centrica PLC (OTCMKTS:CPYYY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $11.03, but opened at $10.31. Centrica shares last traded at $10.19, with a volume of 12,740 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPYYY. Citigroup reissued a “neutral” rating on shares of Centrica in a report on Wednesday, February 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Centrica in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Centrica currently has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The firm has a fifty day simple moving average of $9.91 and a two-hundred day simple moving average of $9.30. 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 Company Profile

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.