Bodycote (LON:BOY) Shares Cross Above 200 Day Moving Average of $666.25

Bodycote plc (LON:BOY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 666.25 ($8.43) and traded as high as GBX 707 ($8.94). Bodycote shares last traded at GBX 698 ($8.83), with a volume of 151,805 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on shares of Bodycote from GBX 620 ($7.84) to GBX 710 ($8.98) and gave the stock a “neutral” rating in a report on Friday, May 31st.

Bodycote Stock Up 1.7 %

The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 12.23. The firm has a market capitalization of £1.33 billion, a P/E ratio of 1,551.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The company’s fifty day simple moving average is GBX 720.45 and its 200 day simple moving average is GBX 666.25.

Insiders Place Their Bets

In other Bodycote news, insider Ben Fidler sold 44,945 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 694 ($8.78), for a total value of £311,918.30 ($394,533.65). Company insiders own 1.45% of the company’s stock.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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 vacuum and honeycomb 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.