Bodycote (LON:BOY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Bodycote plc (LON:BOY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 620.56 ($7.82) and traded as high as GBX 667 ($8.41). Bodycote shares last traded at GBX 643 ($8.10), with a volume of 118,128 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($10.08) target price on shares of Bodycote in a research note on Friday, December 13th.

Bodycote Stock Performance

The stock has a market cap of £1.15 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.44 and a beta of 1.18. The company’s 50 day simple moving average is GBX 640.28 and its 200 day simple moving average is GBX 620.56. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81.

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.