Bodycote (LON:BOY) Trading Down 1% - Here's Why

Bodycote plc (LON:BOY - Get Free Report) shares fell 1% during trading on Tuesday . The company traded as low as GBX 656 ($8.37) and last traded at GBX 665.05 ($8.48). 403,439 shares were traded during mid-day trading, an increase of 21% from the average session volume of 334,080 shares. The stock had previously closed at GBX 672 ($8.57).

Analysts Set New Price Targets

Separately, Berenberg Bank assumed coverage on Bodycote in a report on Friday, August 30th. They set a "buy" rating and a GBX 800 ($10.21) target price for the company.

Bodycote Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.80. The stock has a market capitalization of £1.22 billion, a price-to-earnings ratio of 2,012.12, a P/E/G ratio of 1.44 and a beta of 1.18. The business's 50 day simple moving average is GBX 587.61 and its 200-day simple moving average is GBX 649.61.

Insider Buying and Selling

In other Bodycote news, insider Daniel A. Dayan bought 36,000 shares of Bodycote stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of GBX 547 ($6.98) per share, with a total value of £196,920 ($251,205.51). 2.32% of the stock is currently owned by company insiders.

Bodycote Company Profile

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. The company offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and furnace/vacuum brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.