Centrica (OTCMKTS:CPYYY) Sees Strong Trading Volume – What’s Next?

Shares of Centrica PLC (OTCMKTS:CPYYY) saw an uptick in trading volume on Friday . 9,106 shares traded hands during mid-day 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.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Berenberg Bank upgraded Centrica to a “strong-buy” rating in a research note on Friday, September 12th. Morgan Stanley raised shares of Centrica to an “overweight” rating in a research report on Wednesday, September 17th. Finally, Citigroup cut shares of Centrica from a “buy” rating to a “hold” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Centrica Price Performance

The stock has a fifty day simple moving average of $9.04 and a 200 day simple moving average of $8.81. The company has a quick ratio of 1.56, a current ratio of 1.62 and a debt-to-equity ratio of 0.71.

Centrica Cuts Dividend

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

About Centrica

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.