Bodycote (LON:BOY) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Bodycote plc (LON:BOY) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 620.98 ($8.03) and traded as high as GBX 665 ($8.60). Bodycote shares last traded at GBX 658 ($8.50), with a volume of 10,383,459 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.34) price target on shares of Bodycote in a research note on Friday, December 13th.

Bodycote Price Performance

The company’s 50 day moving average is GBX 641.79 and its 200 day moving average is GBX 620.98. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The stock has a market capitalization of £1.18 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

About Bodycote

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.