Bodycote (OTCMKTS:BYPLF) Shares Gap Up – Here’s Why

Bodycote (OTCMKTS:BYPLF – Get Free Report)’s share price 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.

Analysts Set New Price Targets

BYPLF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bodycote in a research note on Thursday, May 28th. Royal Bank Of Canada lowered shares of Bodycote from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Bodycote in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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Bodycote Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $9.64 and its two-hundred day simple moving average is $9.42.

Bodycote Company Profile

(Get Free Report)

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.

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