Bodycote (OTCMKTS:BYPLF) Stock Falls 0.8% – Here’s Why

Bodycote (OTCMKTS:BYPLF)’s stock price fell 0.8% during trading on Monday. The company traded as low as $12.2043 and last traded at $12.2043. 5 shares were traded during mid-day trading, an increase of 1,900% from the average session volume of 0 shares. The stock had previously closed at $12.30.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Berenberg Bank cut Bodycote from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bodycote in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Bodycote Stock Down 0.8%

The business’s fifty day moving average price is $12.30 and its two-hundred day moving average price is $10.34.

Bodycote Company Profile

Bodycote plc is a United Kingdom-based provider of thermal processing and specialist materials engineering services. The company treats metal components and parts to improve properties such as strength, durability, wear resistance and resistance to corrosion, helping manufacturers extend product life and meet technical performance requirements.

Its services include heat treatment, hot isostatic pressing, surface technology and other specialist processes. Bodycote serves a range of industries, including aerospace and defense, automotive, energy, medical technology, and general industrial manufacturing.