Bodycote (LON:BOY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

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 632.60 ($7.70) and traded as high as GBX 653 ($7.95). Bodycote shares last traded at GBX 653 ($7.95), with a volume of 170,368 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 800 ($9.73) price target on shares of Bodycote in a research note on Friday, December 13th.

Bodycote Stock Up 1.2 %

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 stock has a market cap of £1.21 billion, a price-to-earnings ratio of 2,003.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 625.14 and a two-hundred day simple moving average of GBX 631.76.

Insider Activity at Bodycote

In other news, insider Daniel A. Dayan acquired 36,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of GBX 547 ($6.66) per share, for a total transaction of £196,920 ($239,591.19). 2.32% of the stock is currently owned by corporate 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.