Bodycote (LON:BOY) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Bodycote plc (LON:BOY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 629.92 ($7.86) and traded as high as GBX 647 ($8.08). Bodycote shares last traded at GBX 630 ($7.86), with a volume of 235,826 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 800 ($9.99) target price on shares of Bodycote in a research report on Friday, December 13th.

Bodycote Trading Down 0.3 %

The firm has a fifty day simple moving average of GBX 631.91 and a 200-day simple moving average of GBX 629.92. The firm has a market cap of £1.15 billion, a P/E ratio of 1,909.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.80, a current ratio of 0.81 and a quick ratio of 0.74.

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.