Centrica (OTCMKTS:CPYYY) Shares Pass Below 50 Day Moving Average of $6.67

Centrica plc (OTCMKTS:CPYYY) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.67 and traded as low as $6.12. Centrica shares last traded at $6.36, with a volume of 14,903 shares changing hands.

Wall Street Analysts Forecast Growth

CPYYY has been the subject of several recent analyst reports. UBS Group raised shares of Centrica to a “strong-buy” rating in a research note on Wednesday, June 26th. The Goldman Sachs Group upgraded Centrica to a “strong-buy” rating in a research note on Thursday, July 25th. Berenberg Bank upgraded Centrica from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Finally, Jefferies Financial Group upgraded Centrica from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The business has a fifty day moving average price of $6.67 and a 200 day moving average price of $6.76. The company has a current ratio of 1.44, a quick ratio of 1.35 and a debt-to-equity ratio of 0.73.

Centrica Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.0691 per share. The ex-dividend date is Friday, October 4th.

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.