Centrica (OTCMKTS:CPYYY) Sees Large Volume Increase – Here’s What Happened

Shares of Centrica PLC (OTCMKTS:CPYYY) saw unusually-strong trading volume on Friday . Approximately 9,106 shares changed hands during trading, a decline of 3% from the previous session’s volume of 9,344 shares.The stock last traded at $9.16 and had previously closed at $9.2340.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CPYYY shares. Citigroup downgraded shares of Centrica from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Berenberg Bank raised Centrica to a “strong-buy” rating in a report on Friday, September 12th. Finally, Morgan Stanley raised Centrica to an “overweight” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Centrica currently has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.62. The firm has a fifty day simple moving average of $9.04 and a two-hundred day simple moving average of $8.81.

Centrica Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.0884 per share. This represents a dividend yield of 332.0%. The ex-dividend date of this dividend is Friday, September 19th.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.