Bodycote (LON:BOY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Bodycote plc (LON:BOY) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 624.35 ($7.77) and traded as high as GBX 657 ($8.18). Bodycote shares last traded at GBX 651 ($8.11), with a volume of 135,979 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($9.96) price target on shares of Bodycote in a report on Friday, December 13th.

Bodycote Stock Up 0.3 %

The firm’s 50-day simple moving average is GBX 638.23 and its two-hundred day simple moving average is GBX 624.35. The stock has a market cap of £1.19 billion, a price-to-earnings ratio of 1,972.73, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.80, a quick ratio of 0.74 and a current ratio of 0.81.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide.

Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process.

Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.