Bodycote (OTCMKTS:BYPLF) Sets New 52-Week Low – Here’s Why

Shares of Bodycote plc (OTCMKTS:BYPLF) hit a new 52-week low during trading on Wednesday . The stock traded as low as $6.94 and last traded at $6.94, with a volume of 0 shares traded. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

BYPLF has been the subject of several research analyst reports. Royal Bank of Canada upgraded Bodycote from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 15th. Barclays raised shares of Bodycote to a “hold” rating in a research report on Friday, August 16th.

Bodycote Stock Performance

The company’s fifty day moving average is $7.59 and its two-hundred day moving average is $8.40.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. 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 furnace/vacuum 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.