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Bodycote (LON:BOY) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

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Bodycote plc (LON:BOY - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 620.98 ($8.00) and traded as high as GBX 665 ($8.56). Bodycote shares last traded at GBX 658 ($8.47), with a volume of 10,383,459 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 800 ($10.30) price objective on shares of Bodycote in a research note on Friday, December 13th.

View Our Latest Stock Analysis on Bodycote

Bodycote Price Performance

The company has a market capitalization of £1.15 billion, a P/E ratio of 19.35, a PEG 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 20.84. The business has a 50 day simple moving average of GBX 643 and a 200-day simple moving average of GBX 621.22.

About Bodycote

(Get Free Report)

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.

See Also

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