Bodycote (OTCMKTS:BYPLF) Rating Lowered to Hold at Berenberg Bank

Bodycote (OTCMKTS:BYPLF) was downgraded by research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Friday, Zacks reports.

Several other brokerages also recently commented on BYPLF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Royal Bank Of Canada restated a “sector perform” rating on shares of Bodycote in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bodycote Price Performance

Shares of OTCMKTS BYPLF opened at $12.30 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.17. Bodycote has a 52-week low of $9.00 and a 52-week high of $12.30. The firm has a 50 day moving average price of $10.61 and a two-hundred day moving average price of $10.05.

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.