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

Bodycote plc (LON:BOY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 620.98 ($8.02) and traded as high as GBX 665 ($8.59). Bodycote shares last traded at GBX 658 ($8.50), with a volume of 10,383,459 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.34) target price on shares of Bodycote in a report on Friday, December 13th.

Bodycote Stock Down 1.3 %

The firm’s 50 day simple moving average is GBX 642.46 and its 200 day simple moving average is GBX 621.14. The company has a market cap of £1.18 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth 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 20.84.

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.