Bodycote (LON:BOY) Stock Passes Above 200-Day Moving Average – Should You Sell?

Bodycote plc (LON:BOY) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 635.61 ($7.86) and traded as high as GBX 640 ($7.91). Bodycote shares last traded at GBX 633.22 ($7.83), with a volume of 620,583 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($9.89) target price on shares of Bodycote in a research report on Friday, December 13th.

Bodycote Stock Down 0.9 %

The company has a debt-to-equity ratio of 20.80, a current ratio of 0.81 and a quick ratio of 0.74. The business has a 50 day moving average price of GBX 614.25 and a 200 day moving average price of GBX 635.61. The firm has a market capitalization of £1.16 billion, a P/E ratio of 1,918.85, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Insider Activity

In other news, insider Daniel A. Dayan purchased 36,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was purchased at an average price of GBX 547 ($6.76) per share, with a total value of £196,920 ($243,411.62). 2.32% of the stock is owned by company insiders.

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.