Bodycote (LON:BOY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Bodycote plc (LON:BOY)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 624.35 ($7.77) and traded as high as GBX 657 ($8.18). Bodycote shares last traded at GBX 651 ($8.11), with a volume of 135,979 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 800 ($9.96) price target on shares of Bodycote in a report on Friday, December 13th.

Bodycote Stock Up 0.3 %

The firm has a 50-day moving average price of GBX 638.23 and a two-hundred day moving average price of GBX 624.35. The company has a market capitalization of £1.19 billion, a P/E ratio of 1,972.73, a PEG ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.80.

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.