Bodycote (OTCMKTS:BYPLF) Sets New 12-Month High – Time to Buy?

Bodycote (OTCMKTS:BYPLF) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.30 and last traded at $12.30, with a volume of 300 shares changing hands. The stock had previously closed at $9.35.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Bodycote in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bodycote in a research note on Thursday, May 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bodycote in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bodycote Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.17. The company has a 50 day moving average price of $9.49 and a 200 day moving average price of $9.68.

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.