Bodycote (OTCMKTS:BYPLF) Shares Gap Up – Time to Buy?

Bodycote (OTCMKTS:BYPLF) shares gapped up before the market opened on Wednesday . The stock had previously closed at $9.49, but opened at $10.00. Bodycote shares last traded at $10.00, with a volume of 300 shares traded.

Analyst Ratings Changes

BYPLF has been the topic of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Bodycote in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Finally, Royal Bank Of Canada lowered Bodycote from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bodycote Price Performance

The company’s 50-day simple moving average is $9.63 and its 200-day simple moving average is $9.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.17 and a quick ratio of 1.02.

About Bodycote

Bodycote plc (OTCMKTS: BYPLF) is a global provider of industrial thermal processing and materials technology services. The company offers a range of solutions including heat treatment, hot isostatic pressing, surface coatings and metal joining, all designed to enhance mechanical performance, improve material properties and extend the service life of critical components.

Operating more than 140 facilities across Europe, North America and the Asia-Pacific region, Bodycote serves customers in aerospace, automotive, energy, medical and general industrial markets.