Bodycote (LON:BOY) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Bodycote plc (LON:BOY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 620.56 ($7.94) and traded as high as GBX 667 ($8.53). Bodycote shares last traded at GBX 643 ($8.23), with a volume of 118,128 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 800 ($10.23) price objective on shares of Bodycote in a research report on Friday, December 13th.

Bodycote Trading Down 4.3 %

The stock has a market cap of £1.10 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74. The business's 50 day moving average is GBX 640.79 and its 200 day moving average is GBX 620.67.

Bodycote Company Profile

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.