Bodycote (LON:BOY) Stock Passes Above 200 Day Moving Average – What’s Next?

Bodycote plc (LON:BOY) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 632.60 ($7.70) and traded as high as GBX 653 ($7.95). Bodycote shares last traded at GBX 653 ($7.95), with a volume of 170,368 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 800 ($9.73) price objective on shares of Bodycote in a research report on Friday, December 13th.

Bodycote Stock Performance

The stock has a fifty day moving average of GBX 625.14 and a 200-day moving average of GBX 631.76. The firm has a market capitalization of £1.21 billion, a P/E ratio of 2,003.03, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.80.

Insider Transactions at Bodycote

In other Bodycote news, insider Daniel A. Dayan purchased 36,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of GBX 547 ($6.66) per share, with a total value of £196,920 ($239,591.19). Company insiders own 2.32% of the company’s stock.

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.