Centrica (OTCMKTS:CPYYY) Sees Strong Trading Volume – Time to Buy?

Shares of Centrica PLC (OTCMKTS:CPYYY) saw unusually-strong trading volume on Wednesday. Approximately 152,541 shares traded hands during trading, an increase of 61% from the previous session’s volume of 94,560 shares. The stock last traded at $8.05 and had previously closed at $7.94.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CPYYY shares. HSBC raised Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Kepler Capital Markets raised Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two 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 company currently has an average rating of “Buy”.

Centrica Trading Up 1.3%

The company’s 50 day moving average price is $8.22 and its two-hundred day moving average price is $9.48. 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 best known for its British Gas brand. It supplies gas and electricity to residential and business customers and provides related services, including boiler installation, maintenance and repair, home heating, plumbing and electrical assistance, and smart-home products through its Hive offering.

The company also serves commercial and industrial customers through Centrica Business Solutions, which provides energy management, distributed energy and low-carbon technology services.