Centrica (OTCMKTS:CPYYY) Trading Down 5.4% – Here’s Why

Centrica PLC (OTCMKTS:CPYYY)’s share price traded down 5.4% during trading on Friday . The company traded as low as $11.13 and last traded at $11.2950. 1,630 shares were traded during trading, a decline of 95% from the average session volume of 33,091 shares. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

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

Centrica Price Performance

The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average of $11.01 and a 200 day moving average of $9.88.

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.