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Bodycote (LON:BOY) Stock Passes Above 200 Day Moving Average - Here's Why

Bodycote logo with Industrials background

Shares of Bodycote plc (LON:BOY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 624.35 ($7.86) and traded as high as GBX 657 ($8.27). Bodycote shares last traded at GBX 651 ($8.19), with a volume of 135,979 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 800 ($10.07) price objective on shares of Bodycote in a research note on Friday, December 13th.

Read Our Latest Stock Analysis on Bodycote

Bodycote Price Performance

The firm has a market cap of £1.19 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The company has a 50 day moving average of GBX 638.93 and a 200 day moving average of GBX 623.26.

Bodycote Company Profile

(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.

Further Reading

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