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

Shares of Bodycote plc (LON:BOY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 622.53 ($7.83) and traded as high as GBX 701 ($8.82). Bodycote shares last traded at GBX 664 ($8.36), with a volume of 311,712 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.07) price objective on shares of Bodycote in a report on Friday, December 13th.

Bodycote Stock Performance

The company has a market capitalization of £1.20 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.44 and a beta of 1.18. The stock’s 50-day moving average price is GBX 639.47 and its 200-day moving average price is GBX 622.53. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84.

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.