Bodycote (LON:BOY) Share Price Crosses Above 200-Day Moving Average of $638.58

Bodycote plc (LON:BOY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 638.58 ($8.12) and traded as high as GBX 753 ($9.57). Bodycote shares last traded at GBX 736 ($9.35), with a volume of 167,298 shares trading hands.

Bodycote Stock Performance

The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 12.23. The stock has a market capitalization of £1.38 billion, a PE ratio of 1,640.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The firm’s fifty day moving average price is GBX 704.28 and its two-hundred day moving average price is GBX 639.65.

Bodycote Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be issued a dividend of GBX 16 ($0.20) per share. This represents a dividend yield of 2.53%. This is a positive change from Bodycote’s previous dividend of $6.70. The ex-dividend date of this dividend is Thursday, April 25th. Bodycote’s payout ratio is 5,111.11%.

Insider Activity

In other news, insider Ben Fidler sold 44,945 shares of Bodycote stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of GBX 694 ($8.82), for a total transaction of £311,918.30 ($396,439.12). In related news, insider Ben Fidler sold 44,945 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 694 ($8.82), for a total value of £311,918.30 ($396,439.12). Also, insider Kevin Boyd purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average cost of GBX 653 ($8.30) per share, with a total value of £19,590 ($24,898.32). Insiders own 1.45% of the company’s stock.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. The company offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.