Centrica (OTCMKTS:CPYYY) Sees Unusually-High Trading Volume – Time to Buy?

Centrica PLC (OTCMKTS:CPYYY) saw unusually-strong trading volume on Thursday . Approximately 139,400 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 81,967 shares.The stock last traded at $8.3775 and had previously closed at $8.42.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Centrica Stock Down 0.2%

The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $10.07.

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.