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

Shares of Bodycote plc (LON:BOY) crossed 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 reaffirmed a “buy” rating and set a GBX 800 ($10.34) price target on shares of Bodycote in a research report on Friday, December 13th.

Bodycote Stock Down 1.3 %

The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74. The stock’s fifty day simple moving average is GBX 642.46 and its 200-day simple moving average is GBX 621.14. The stock has a market cap of £1.18 billion, a P/E ratio of 19.80, a PEG ratio of 1.44 and a beta of 1.18.

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.